Scandinavia: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Scandinavia

The Scandinavia telecommunications instrument market shrank to $X in 2021, which is down by -10% against the previous year. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +116.7% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Telecommunications Instrument Production in Scandinavia

In value terms, telecommunications instrument production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 29%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Telecommunications Instrument Exports

Exports in Scandinavia

In 2021, exports of telecommunications instruments in Scandinavia was estimated at X units, picking up by 6.5% against 2020. Overall, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, telecommunications instrument exports rose to $X in 2021. Over the period under review, exports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the major exporter of telecommunications instruments in Scandinavia, with the volume of exports amounting to X units, which was near 54% of total exports in 2021. Finland (X units) ranks second in terms of the total exports with a 27% share, followed by Denmark (15%). Norway (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +5.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Finland ($X) remains the largest telecommunications instrument supplier in Scandinavia, comprising 60% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports. It was followed by Denmark, with a 17% share.

In Finland, telecommunications instrument exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-3.3% per year) and Denmark (-3.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, falling by -4.2% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telecommunications instrument export price increased by +84.2% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Telecommunications Instrument Imports

Imports in Scandinavia

After two years of decline, overseas purchases of telecommunications instruments increased by 3.4% to X units in 2021. Over the period under review, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, telecommunications instrument imports expanded sharply to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +114.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Finland (X units), Sweden (X units), Norway (X units) and Denmark (X units) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of +2.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Finland ($X) constitutes the largest market for imported telecommunications instruments in Scandinavia, comprising 58% of total imports. The second position in the ranking was held by Sweden ($X), with a 25% share of total imports. It was followed by Norway, with a 10% share.

In Finland, telecommunications instrument imports expanded at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-1.4% per year) and Norway (+6.1% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, surging by 9.4% against the previous year. In general, the import price showed resilient growth. The pace of growth appeared the most rapid in 2020 when the import price increased by 50% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, 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 Finland (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform