Scandinavia: Laundry Machine Market 2024

Laundry Machine Market Size in Scandinavia

The Scandinavia laundry machine market shrank to $X in 2021, with a decrease of -2.9% against the previous year. Overall, consumption recorded a slight slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Laundry Machine Production in Scandinavia

In value terms, laundry machine production reached $X in 2021 estimated in export price. Overall, production, however, showed a slight expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Laundry Machine Exports

Exports in Scandinavia

In 2021, laundry machine exports in Scandinavia soared to X units, increasing by 22% against 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 165% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, laundry machine exports surged to $X in 2021. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 213% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates exports structure, accounting for X units, which was approx. 79% of total exports in 2021. Finland (X units) held a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (8.9%). Norway (X units) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the washing, bleaching or dyeing machines exports, with a CAGR of +26.7% from 2012 to 2021. At the same time, Norway (+10.9%) displayed positive paces of growth. By contrast, Finland (-12.6%) and Denmark (-18.6%) illustrated a downward trend over the same period. While the share of Sweden (+70 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-23.1 p.p.) and Denmark (-47.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest laundry machine supplier in Scandinavia, comprising 72% of total exports. The second position in the ranking was held by Finland ($X), with an 11% share of total exports. It was followed by Norway, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +34.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+1.6% per year) and Norway (+15.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, increasing by 62% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 493% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+16.2%), while the other leaders experienced more modest paces of growth.

Laundry Machine Imports

Imports in Scandinavia

In 2021, laundry machine imports in Scandinavia dropped slightly to X units, waning by -4.4% against the year before. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 133% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports declined slightly to $X in 2021. Overall, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 110%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Finland (X units) and Norway (X units) were the key importers of washing, bleaching or dyeing machines in Scandinavia, together committing 82% of total imports. Sweden (X units) took the next position in the ranking, followed by Denmark (X units). All these countries together took approx. 18% 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 Norway (with a CAGR of +31.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of imports in 2021, together comprising 90% of total imports.

In terms of the main importing countries, Norway, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, approximately mirroring the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laundry machine import price decreased by -5.7% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 32%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+19.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform