Scandinavia: Pumps For Liquids Market 2025

Pumps For Liquids Market Size in Scandinavia

The Scandinavia pumps for liquids market contracted to $X in 2022, waning by -12.8% against the previous year. In general, consumption showed strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Pumps For Liquids Production in Scandinavia

In value terms, pumps for liquids production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 215% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Pumps For Liquids Exports

Exports in Scandinavia

In 2022, shipments abroad of pumps for liquids decreased by -3% to X units for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports attained the peak of X units, and then declined slightly in the following year.

In value terms, pumps for liquids exports declined to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 11%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden dominates exports structure, accounting for X units, which was approx. 93% of total exports in 2022. Norway (X units) and Finland (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pumps for liquids exports from Sweden stood at +1.8%. At the same time, Norway (+7.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.2% from 2012-2022. By contrast, Finland (-4.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland decreased by -2.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest pumps for liquids supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was held by Norway ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +2.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-0.9% per year) and Finland (-6.4% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price saw a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 9.3% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 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 ($X per unit), while Sweden ($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 (+0.4%), while the other leaders experienced a decline in the export price figures.

Pumps For Liquids Imports

Imports in Scandinavia

In 2022, pumps for liquids imports in Scandinavia rose markedly to X units, picking up by 9.5% on 2021. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 20%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, pumps for liquids imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 13%. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

Sweden represented the largest importing country with an import of around X units, which recorded 66% of total imports. Finland (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Norway (11%).

From 2012 to 2022, average annual rates of growth with regard to pumps for liquids imports into Sweden stood at +3.7%. At the same time, Finland (+8.0%) and Norway (+5.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +8.0% from 2012-2022. Finland (+6.1 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -6.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pumps for liquids importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Norway, with a CAGR of +5.3%, recorded the highest growth rate of 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 2022, shrinking by -9.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform