Scandinavia: Poultry Incubator Market 2024

Poultry Incubator Market Size in Scandinavia

The Scandinavia poultry incubator market shrank to $X in 2022, which is down by -12% against the previous year. Overall, consumption recorded a deep reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Poultry Incubator Production in Scandinavia

In value terms, poultry incubator production dropped dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Poultry Incubator Exports

Exports in Scandinavia

In 2022, overseas shipments of poultry incubators and brooders increased by 981% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 4,829% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, poultry incubator exports totaled $X in 2022. In general, exports posted perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of 7,673% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, amounting to X units, which was approx. 98% of total exports in 2022. Norway (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the poultry incubators and brooders exports, with a CAGR of +29.3% from 2012 to 2022. At the same time, Norway (+4.1%) displayed positive paces of growth. While the share of Sweden (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-11.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest poultry incubator supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was held by Norway ($X), with an 8.5% share of total exports.

In Sweden, poultry incubator exports increased at an average annual rate of +3.6% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, declining by -90.3% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 78%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-8.5%).

Poultry Incubator Imports

Imports in Scandinavia

In 2022, approx. X units of poultry incubators and brooders were imported in Scandinavia; growing by 84% compared with 2021. Over the period under review, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 282% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, poultry incubator imports surged to $X in 2022. In general, imports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 601%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland dominates imports structure, finishing at X units, which was approx. 93% of total imports in 2022. It was distantly followed by Norway (X units), mixing up a 4.7% share of total imports. Sweden (X units) held a minor share of total imports.

Finland was also the fastest-growing in terms of the poultry incubators and brooders imports, with a CAGR of +42.8% from 2012 to 2022. Norway experienced a relatively flat trend pattern. Sweden (-34.4%) illustrated a downward trend over the same period. While the share of Finland (+91 p.p.) and Norway (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-93.2 p.p.) displayed negative dynamics.

In value terms, Finland ($X) constitutes the largest market for imported poultry incubators and brooders in Scandinavia, comprising 79% of total imports. The second position in the ranking was held by Norway ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland stood at +47.1%. In the other countries, the average annual rates were as follows: Norway (+2.4% per year) and Sweden (-24.3% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, falling by -9.2% against the previous year. Overall, the import price, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 an increase of 158%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform