Scandinavia: Vacuum Vessel Market 2024

Vacuum Vessel Market Size in Scandinavia

In 2022, after five years of growth, there was significant decline in the Scandinavia vacuum vessel market, when its value decreased by -9.6% to $X. Overall, consumption, however, showed noticeable growth. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Vacuum Vessel Production in Scandinavia

In value terms, vacuum vessel production soared to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 411%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Vacuum Vessel Exports

Exports in Scandinavia

In 2022, approx. X units of vacuum vessels were exported in Scandinavia; waning by -4.9% against the year before. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +66.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then declined modestly in the following year.

In value terms, vacuum vessel exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Sweden (X units) was the main exporter of vacuum vessels, mixing up 78% of total exports. Norway (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Finland (9.5%).

Exports from Sweden increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, Finland (+11.5%) and Norway (+8.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.5% from 2012-2022. From 2012 to 2022, the share of Finland and Norway increased by +4.8 and +4 percentage points, respectively.

In value terms, Sweden ($X) remains the largest vacuum vessel supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was taken by Norway ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +7.3%. In the other countries, the average annual rates were as follows: Norway (+9.9% per year) and Finland (+9.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, declining by -2.2% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum vessel export price increased by +44.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 25%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then reduced modestly in the following year.

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 Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Vacuum Vessel Imports

Imports in Scandinavia

In 2022, approx. X units of vacuum vessels were imported in Scandinavia; waning by -14% on the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, vacuum vessel imports shrank notably to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.9% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Sweden was the key importing country with an import of about X units, which accounted for 52% of total imports. Norway (X units) ranks second in terms of the total imports with a 34% share, followed by Finland (14%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +3.1%), while imports for the other leaders experienced mixed trends in the imports figures.

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

Among the main importing countries, Sweden, with a CAGR of +6.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then declined in the following year.

Average prices varied somewhat 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 Sweden (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform