Scandinavia: Tuner Block Market 2022

Tuner Block Market Size in Scandinavia

In 2021, the Scandinavia tuner block market decreased by -10.2% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Tuner Block Production in Scandinavia

In value terms, tuner block production expanded slightly to $X in 2021 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Tuner Block Exports

Exports in Scandinavia

In 2021, overseas shipments of tuner blocks increased by 2.1% to X units, rising for the second consecutive year after six years of decline. In general, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 17% 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 somewhat lower figure.

In value terms, tuner block exports rose rapidly to $X in 2021. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) and Denmark (X units) dominates exports structure, together creating 96% of total exports. The following exporters - Norway (X units) and Finland (X units) - each accounted for a 3.6% share of total exports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +2.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest tuner block supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 99% of total exports.

Sweden, with a CAGR of -10.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, increasing by 12% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.9%), while the other leaders experienced a decline in the export price figures.

Tuner Block Imports

Imports in Scandinavia

In 2021, imports of tuner blocks in Scandinavia contracted to X units, falling by -13.3% against 2020. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 17% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, tuner block imports declined to $X in 2021. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X units) and Norway (X units) represented roughly 72% of total imports in 2021. Sweden (X units) ranks next in terms of the total imports with an 18% share, followed by Finland (8.1%). Iceland (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iceland (with a CAGR of +18.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 94% of total imports. Finland and Iceland lagged somewhat behind, together accounting for a further 5.9%.

Among the main importing countries, Iceland, with a CAGR of +10.3%, saw 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, with an increase of 5.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform