Scandinavia: Transport Container Market 2024

Transport Container Market Size in Scandinavia

In 2022, after two years of growth, there was significant decline in the Scandinavia transport container market, when its value decreased by -10.7% to $X. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.2% against 2019 indices. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Transport Container Production in Scandinavia

In value terms, transport container production fell to $X in 2022 estimated in export price. Overall, production, however, saw a slight reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Transport Container Exports

Exports in Scandinavia

In 2022, the amount of transport containers exported in Scandinavia rose to X units, increasing by 4.5% on the previous year. In general, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2013 when exports increased by 60% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, transport container exports skyrocketed to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 36%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Norway (X units) represented the main exporter of transport containers, achieving 60% of total exports. Sweden (X units) held a 29% share (based on physical terms) of total exports, which put it in second place, followed by Finland (11%).

From 2012 to 2022, average annual rates of growth with regard to transport container exports from Norway stood at -2.4%. At the same time, Sweden (+1.2%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +1.2% from 2012-2022. Finland experienced a relatively flat trend pattern. Sweden (+6.2 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -7.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) emerged as the largest transport container supplier in Scandinavia, comprising 52% of total exports. The second position in the ranking was taken by Finland ($X), with a 25% share of total exports.

In Norway, transport container exports increased at an average annual rate of +3.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+6.5% per year) and Sweden (-2.5% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, growing by 15% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transport container export price increased by +84.1% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 56% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 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.

Transport Container Imports

Imports in Scandinavia

In 2022, imports of transport containers in Scandinavia dropped rapidly to X units, with a decrease of -21.2% against the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, transport container imports fell to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Sweden was the key importing country with an import of about X units, which finished at 59% of total imports. Norway (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took approx. 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +4.4%), while purchases for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, Sweden, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of imports, 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, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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 ($X per unit), while Sweden ($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 (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform