Scandinavia: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Scandinavia

In 2021, the Scandinavia turbo-jet (over X kn) market decreased by -13.7% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a perceptible downturn. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Scandinavia

In value terms, turbo-jet (over X kn) production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Scandinavia

In 2021, turbo-jet (over X kn) exports in Scandinavia soared to X units, increasing by 56% compared with the year before. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, turbo-jet (over X kn) exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Norway (X units), Sweden (X units) and Finland (X units), together resulting at 84% of total export. It was distantly followed by Denmark (X units), comprising a 13% share of total exports. Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the largest turbo-jet (over X kn) supplier in Scandinavia, comprising 59% of total exports. The second position in the ranking was taken by Finland ($X), with a 22% share of total exports. It was followed by Sweden, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway totaled +40.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+27.4% per year) and Sweden (+0.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, rising by 12% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 an increase of 122% against the previous year. 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 Norway ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+31.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Scandinavia

In 2021, approx. X units of turbo-jets of a thrust exceeding X kn were imported in Scandinavia; waning by -27.4% on 2020 figures. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 184%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, turbo-jet (over X kn) imports stood at $X in 2021. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 259% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X units), Norway (X units) and Finland (X units) represented roughly 80% of total imports in 2021. Denmark (X units) took the next position in the ranking, followed by Iceland (X units). All these countries together held approx. 20% 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 Finland (with a CAGR of +25.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X) constitutes the largest market for imported turbo-jets of a thrust exceeding X kn in Scandinavia, comprising 57% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Norway totaled +34.9%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+6.6% per year) and Denmark (+46.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, surging by 43% against the previous year. In general, the import price posted a significant increase. The pace of growth was the most pronounced in 2018 an increase of 180%. Over the period under review, import prices reached the maximum in 2021 and is likely to continue 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 Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+35.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform