Scandinavia: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in Scandinavia

The Scandinavia snow ploughs and blowers market soared to $X in 2022, growing by 25% against the previous year. Over the period under review, consumption enjoyed a moderate expansion. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Snow-Ploughs And Snow-Blowers in Scandinavia

In value terms, snow ploughs and blowers production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 49%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Snow-Ploughs And Snow-Blowers

Exports in Scandinavia

Snow ploughs and blowers exports was estimated at X units in 2022, with an increase of 10% compared with 2021. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 50%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, snow ploughs and blowers exports dropped to $X in 2022. Overall, exports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Sweden (X units) represented the main exporter of snow-ploughs and snow-blowers, mixing up 70% of total exports. It was distantly followed by Finland (X units), achieving a 26% share of total exports. Norway (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to snow ploughs and blowers exports from Sweden stood at -6.2%. Finland experienced a relatively flat trend pattern. Norway (-5.5%) illustrated a downward trend over the same period. Finland (+9.5 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -9.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow ploughs and blowers supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

In terms of the main exporting countries, Finland, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, reducing by -19.4% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, snow ploughs and blowers export price decreased by -22.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 41%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 Finland (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Snow-Ploughs And Snow-Blowers

Imports in Scandinavia

In 2022, approx. X units of snow-ploughs and snow-blowers were imported in Scandinavia; growing by 24% on 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, snow ploughs and blowers imports reached $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 60%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X units) and Norway (X units) represented roughly 74% of total imports in 2022. It was distantly followed by Finland (X units), comprising a 26% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of +4.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest snow ploughs and blowers importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Norway, with a CAGR of +4.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, shrinking by -8.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then shrank in the following year.

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 ($X per unit), while Finland ($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 (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform