Scandinavia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Scandinavia

After three years of decline, the Scandinavia pump for liquid market increased by 5% to $X in 2021. Over the period under review, consumption, however, continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Pump For Liquid Production in Scandinavia

In value terms, pump for liquid production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Pump For Liquid Exports

Exports in Scandinavia

In 2021, approx. X units of pumps for liquids and liquid elevators were exported in Scandinavia; surging by 9% on the previous year. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 112%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, pump for liquid exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark represented the major exporter of pumps for liquids and liquid elevators in Scandinavia, with the volume of exports reaching X units, which was approx. 78% of total exports in 2021. It was distantly followed by Sweden (X units), generating a 19% share of total exports. Finland (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid exports from Denmark stood at +12.5%. At the same time, Finland (+18.3%) and Sweden (+11.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +18.3% from 2012-2021. From 2012 to 2021, the share of Sweden decreased by -1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pump for liquid supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 77% share of total exports.

Sweden, with a CAGR of -0.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, with an increase of 7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 15%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Denmark ($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 (-10.3%), while the other leaders experienced a decline in the export price figures.

Pump For Liquid Imports

Imports in Scandinavia

In 2021, overseas purchases of pumps for liquids and liquid elevators increased by 19% to X units, rising for the sixth year in a row after three years of decline. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 78%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, pump for liquid imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the main importer of pumps for liquids and liquid elevators in Scandinavia, with the volume of imports resulting at X units, which was near 55% of total imports in 2021. Denmark (X units) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by Finland (14%). Norway (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Scandinavia, comprising 46% of total imports. The second position in the ranking was taken by Denmark ($X), with a 22% share of total imports. It was followed by Norway, with a 16% share.

In Sweden, pump for liquid imports increased at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+2.1% per year) and Norway (-0.7% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, waning by -4.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 an increase of 54%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+10.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform