Scandinavia: Safety Headgear Market 2024

Safety Headgear Market Size in Scandinavia

In 2021, the Scandinavia safety headgear market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Safety Headgear Production in Scandinavia

In value terms, safety headgear production dropped notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1,545% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Safety Headgear Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in shipments abroad of safety headgear, which increased by 8.5% to X units in 2021. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, safety headgear exports surged to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Sweden was the largest exporting country with an export of around X units, which amounted to 77% of total exports. It was distantly followed by Denmark (X units) and Finland (X units), together making up a 20% share of total exports. Norway (X units) followed a long way behind the leaders.

Exports from Sweden increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Finland (+8.8%) and Denmark (+6.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.8% from 2012-2021. By contrast, Norway (-13.8%) illustrated a downward trend over the same period. Sweden (+6.3 p.p.), Denmark (+2.6 p.p.) and Finland (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -10.5% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest safety headgear supplier in Scandinavia, comprising 80% of total exports. The second position in the ranking was held by Denmark ($X), with an 11% share of total exports. It was followed by Finland, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +3.3%. In the other countries, the average annual rates were as follows: Denmark (+5.6% per year) and Finland (+4.8% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2016 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Norway (+0.7%), while the other leaders experienced a decline in the export price figures.

Safety Headgear Imports

Imports in Scandinavia

In 2021, the amount of safety headgear imported in Scandinavia surged to X units, growing by 34% on the previous year. The total import volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety headgear imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.8% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X units), distantly followed by Denmark (X units), Norway (X units) and Finland (X units) represented the key importers of safety headgear, together constituting 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported safety headgear in Scandinavia, comprising 42% of total imports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total imports. It was followed by Norway, with a 19% share.

In Sweden, safety headgear imports expanded at an average annual rate of +9.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (+7.3% per year) and Norway (-0.4% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, waning by -2.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 10% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per unit) and Finland ($X per unit), while Denmark ($X per unit) and Norway ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform