Scandinavia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Scandinavia

The Scandinavia threshing machinery market expanded slightly to $X in 2022, rising by 3.5% against the previous year. In general, consumption, however, saw a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Threshing Machinery Production in Scandinavia

In value terms, threshing machinery production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 29%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in Scandinavia

In 2022, overseas shipments of threshing machinery except combine harvester-threshers were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, threshing machinery exports soared to $X in 2022. Overall, exports recorded 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

In 2022, Sweden (X units) was the largest exporter of threshing machinery except combine harvester-threshers, creating 67% of total exports. Finland (X units) held the second position in the ranking, distantly followed by Norway (X units). All these countries together held approx. 33% share of total exports.

Exports from Sweden increased at an average annual rate of +19.2% from 2012 to 2022. At the same time, Norway (+24.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +24.2% from 2012-2022. By contrast, Finland (-7.1%) illustrated a downward trend over the same period. Sweden (+48 p.p.) and Norway (+8.6 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -56.2% from 2012 to 2022, respectively.

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

In terms of the main exporting countries, Norway, with a CAGR of +34.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, with a decrease of -15.7% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 89%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Threshing Machinery Imports

Imports in Scandinavia

In 2022, the amount of threshing machinery except combine harvester-threshers imported in Scandinavia surged to X units, growing by 70% on the year before. In general, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 312% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports skyrocketed to $X in 2022. Overall, imports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2016 when imports increased by 186% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Sweden was the main importer of threshing machinery except combine harvester-threshers in Scandinavia, with the volume of imports recording X units, which was approx. 66% of total imports in 2022. It was distantly followed by Norway (X units), comprising a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +25.5%).

In value terms, the largest threshing machinery importing markets in Scandinavia were Sweden ($X) and Norway ($X).

Norway, with a CAGR of +20.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, falling by -21.5% against the previous year. Over the period under review, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 52%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.8%).

Source: IndexBox Platform