Scandinavia: Wood Tool Market 2025

Wood Tool Market Size in Scandinavia

The Scandinavia wood tool market surged to $X in 2021, rising by 21% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Wood Tool Production in Scandinavia

In value terms, wood tool production expanded markedly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 69%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Tool Exports

Exports in Scandinavia

In 2021, the amount of tools of wood exported in Scandinavia soared to X tons, picking up by 15% against the previous year. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood tool exports soared to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, resulting at X tons, which was near 96% of total exports in 2021. Finland (X tons) took a relatively small share of total exports.

Exports from Sweden increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Finland (+4.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.7% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest wood tool supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Finland ($X), with a 3.5% share of total exports.

In Sweden, wood tool exports increased at an average annual rate of +4.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the export price increased by 12%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.8%).

Wood Tool Imports

Imports in Scandinavia

In 2021, the amount of tools of wood imported in Scandinavia rose notably to X tons, growing by 15% against 2020. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, wood tool imports skyrocketed to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +33.3% against 2018 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 tons) represented the main importer of tools of wood, committing 61% of total imports. Norway (X tons) ranks second in terms of the total imports with a 27% share, followed by Finland (12%).

Sweden was also the fastest-growing in terms of the tools of wood imports, with a CAGR of +1.7% from 2012 to 2021. Finland (-1.1%) and Norway (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +6.6 percentage points.

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

Finland, with a CAGR of +10.6%, 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, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 (+11.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform