Scandinavia: Travel Set Market 2025

Travel Set Market Size in Scandinavia

In 2021, after five years of growth, there was significant decline in the Scandinavia travel set market, when its value decreased by -17.3% to $X. In general, consumption recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2020, and then fell rapidly in the following year.

Travel Set Production in Scandinavia

In value terms, travel set production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, posted a notable increase. The pace of growth appeared the most rapid in 2019 with an increase of 212% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Travel Set Exports

Exports in Scandinavia

In 2021, approx. X units of travel sets were exported in Scandinavia; increasing by 4% against the previous year. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, travel set exports expanded notably to $X in 2021. Overall, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Denmark was the largest exporter of travel sets in Scandinavia, with the volume of exports recording X units, which was near 58% of total exports in 2021. It was distantly followed by Sweden (X units) and Norway (X units), together creating a 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +30.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Among the main exporting countries, Norway, with a CAGR of +14.9%, saw the highest growth rate of 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 2021, the export price in Scandinavia amounted to $X per unit, increasing by 9.3% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 76%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+17.4%), while the other leaders experienced mixed trends in the export price figures.

Travel Set Imports

Imports in Scandinavia

In 2021, supplies from abroad of travel sets decreased by -19.3% to X units, falling for the third consecutive year after five years of growth. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, travel set imports declined to $X in 2021. Over the period under review, imports saw a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the major importer of travel sets in Scandinavia, with the volume of imports amounting to X units, which was approx. 43% of total imports in 2021. It was distantly followed by Norway (X units), Denmark (X units) and Iceland (X units), together generating a 54% share of total imports. Finland (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iceland (with a CAGR of +5.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest travel set importing markets in Scandinavia were Norway ($X), Sweden ($X) and Denmark ($X), with a combined 89% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 11%.

In terms of the main importing countries, Iceland, with a CAGR of +7.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when the import price increased by 30%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per unit), while Iceland ($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 (+19.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform