Scandinavia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Scandinavia

In 2022, the Scandinavia market for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 2.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Scandinavia

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined to $X in 2022 estimated in export price. Over the period under review, production showed a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 16%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in Scandinavia

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were exported in Scandinavia; with a decrease of -11.9% compared with 2021. In general, exports showed a mild decline. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped modestly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Finland represented the major exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Scandinavia, with the volume of exports finishing at X units, which was approx. 63% of total exports in 2022. It was distantly followed by Sweden (X units), generating a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of +2.9%).

In value terms, Finland ($X) remains the largest agricultural, construction and industrial machinery tyre supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was held by Sweden ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland amounted to +2.0%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%).

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in Scandinavia

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were imported in Scandinavia; dropping by -1.8% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2022. In general, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X units) and Finland (X units) represented roughly 83% of total imports in 2022. It was distantly followed by Norway (X units), constituting a 17% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +5.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in Scandinavia, comprising 66% of total imports. The second position in the ranking was taken by Finland ($X), with a 22% share of total imports.

In Sweden, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank by an average annual rate of -4.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+3.4% per year) and Norway (+1.2% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, surging by 2.6% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by 31%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Finland ($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 (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform