Scandinavia: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Scandinavia

The Scandinavia liquid dispensing pump market skyrocketed to $X in 2021, growing by 199% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Liquid Dispensing Pump Production in Scandinavia

In value terms, liquid dispensing pump production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 353%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Liquid Dispensing Pump Exports

Exports in Scandinavia

In 2021, approx. X units of pumps for dispensing liquids were exported in Scandinavia; shrinking by -19.7% against 2020 figures. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 85%. As a result, the exports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, liquid dispensing pump exports surged to $X in 2021. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 190%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X units) represented the major exporter of pumps for dispensing liquids, generating 58% of total exports. Sweden (X units) took a 32% share (based on physical terms) of total exports, which put it in second place, followed by Finland (5.2%) and Norway (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +29.1%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the largest liquid dispensing pump supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports. It was followed by Sweden, with a 6.6% share.

In Norway, liquid dispensing pump exports expanded at an average annual rate of +18.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+26.1% per year) and Sweden (-2.6% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, increasing by 104% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 419% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Liquid Dispensing Pump Imports

Imports in Scandinavia

In 2021, approx. X units of pumps for dispensing liquids were imported in Scandinavia; increasing by 33% compared with the previous year. Overall, imports showed prominent growth. The growth pace was the most rapid in 2016 when imports increased by 51% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, liquid dispensing pump imports fell to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Denmark (X units) and Sweden (X units) represented the major importers of pumps for dispensing liquids in Scandinavia, together accounting for near 72% of total imports. It was distantly followed by Finland (X units) and Norway (X units), together generating a 25% share of total imports. Iceland (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +24.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid dispensing pump importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), together comprising 80% of total imports.

Among the main importing countries, Denmark, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, reducing by -33% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the import price increased by 37%. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+7.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform