Scandinavia: Seat Market 2025

Seat Market Size in Scandinavia

The Scandinavia seat market skyrocketed to $X in 2021, increasing by 20% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Seat Production in Scandinavia

In value terms, seat production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Seat Exports

Exports in Scandinavia

In 2021, shipments abroad of seats increased by 22% to X tons, rising for the third year in a row after four years of decline. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seat exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, amounting to X tons, which was approx. 87% of total exports in 2021. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together took near 13% share of total exports.

Sweden was also the fastest-growing in terms of the seats exports, with a CAGR of +3.4% from 2012 to 2021. At the same time, Finland (+2.3%) displayed positive paces of growth. By contrast, Norway (-5.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +6.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest seat supplier in Scandinavia, comprising 67% of total exports. The second position in the ranking was held by Norway ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +2.2%. In the other countries, the average annual rates were as follows: Norway (-2.3% per year) and Finland (+1.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 an increase of 22% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a 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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.0%), while the other leaders experienced a decline in the export price figures.

Seat Imports

Imports in Scandinavia

For the sixth consecutive year, Scandinavia recorded growth in overseas purchases of seats, which increased by 26% to X tons in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.3% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% 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.

Imports by Country

Sweden represented the largest importing country with an import of about X tons, which finished at 62% of total imports. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together took near 38% share of total imports.

Sweden was also the fastest-growing in terms of the seats imports, with a CAGR of +6.2% from 2012 to 2021. At the same time, Finland (+5.0%) and Norway (+1.3%) displayed positive paces of growth. Sweden (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -7.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021.

Finland, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 7.7%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform