Scandinavia: Remote Control Apparatus Market 2025

Remote Control Apparatus Market Size in Scandinavia

The Scandinavia remote control apparatus market surged to $X in 2021, jumping by 27% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Remote Control Apparatus Production in Scandinavia

In value terms, remote control apparatus production declined notably to $X in 2021 estimated in export price. Overall, production recorded a buoyant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 112% against the previous year. The level of production peaked at $X in 2020, and then reduced markedly in the following year.

Remote Control Apparatus Exports

Exports in Scandinavia

In 2021, shipments abroad of radio remote control apparatus increased by 14% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 44%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, remote control apparatus exports soared to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden represented the major exporter of radio remote control apparatus in Scandinavia, with the volume of exports recording X tons, which was near 62% of total exports in 2021. Finland (X tons) ranks second in terms of the total exports with a 27% share, followed by Denmark (7.5%). Norway (X tons) held a little share of total exports.

Exports from Sweden increased at an average annual rate of +1.2% from 2012 to 2021. At the same time, Finland (+42.3%) and Denmark (+9.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +42.3% from 2012-2021. By contrast, Norway (-7.6%) illustrated a downward trend over the same period. While the share of Finland (+26 p.p.) and Denmark (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-6.3 p.p.) and Sweden (-21.9 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest remote control apparatus supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Finland ($X), with a 13% share of total exports. It was followed by Denmark, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+27.8% per year) and Denmark (+9.6% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Remote Control Apparatus Imports

Imports in Scandinavia

In 2021, approx. X tons of radio remote control apparatus were imported in Scandinavia; rising by 29% against 2020 figures. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus imports soared to $X in 2021. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of remote control apparatus imports in 2021 were Sweden (X tons), Norway (X tons) and Finland (X tons), together reaching 85% of total import. It was distantly followed by Denmark (X tons), achieving a 14% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported radio remote control apparatus in Scandinavia, comprising 49% of total imports. The second position in the ranking was held by Norway ($X), with a 19% share of total imports. It was followed by Finland, with a 17% share.

In Sweden, remote control apparatus imports increased at an average annual rate of +9.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+10.4% per year) and Finland (+2.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, dropping by -8% against the previous year. Overall, the import price saw a slight slump. The most prominent rate of growth was recorded in 2016 when the import price increased by 10% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform