Scandinavia: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in Scandinavia

The Scandinavia x-ray apparatus market reduced to $X in 2022, dropping by -5.2% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

X-Ray Apparatus Production in Scandinavia

In value terms, x-ray apparatus production fell to $X in 2022 estimated in export price. In general, production saw a mild slump. The pace of growth was the most pronounced in 2021 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

X-Ray Apparatus Exports

Exports in Scandinavia

In 2022, overseas shipments of x-ray apparatus increased by 4.2% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.0% over the period 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 with an increase of 34% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, x-ray apparatus exports contracted to $X in 2022. In general, exports, however, saw a slight reduction. The growth pace was the most rapid in 2021 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Finland (X units) was the major exporter of x-ray apparatus, generating 86% of total exports. It was distantly followed by Sweden (X units), comprising a 14% share of total exports.

Finland experienced a relatively flat trend pattern with regard to volume of exports of x-ray apparatus. At the same time, Sweden (+8.5%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.5% from 2012-2022. Sweden (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -6.3% from 2012 to 2022, respectively.

In value terms, Finland ($X) remains the largest x-ray apparatus supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Finland totaled -1.1%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, waning by -5% against the previous year. Overall, the export price showed a slight setback. The growth pace was the most rapid in 2019 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Finland (-1.4%).

X-Ray Apparatus Imports

Imports in Scandinavia

In 2022, approx. X units of x-ray apparatus were imported in Scandinavia; growing by 100% against the previous year's figure. In general, imports continue to indicate a resilient increase. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, x-ray apparatus imports shrank to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Finland was the largest importing country with an import of about X units, which accounted for 58% of total imports. Sweden (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Norway (21%).

Finland was also the fastest-growing in terms of the x-ray apparatus imports, with a CAGR of +14.1% from 2012 to 2022. At the same time, Sweden (+1.3%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. From 2012 to 2022, the share of Finland increased by +30 percentage points.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Finland, with a CAGR of +2.7%, 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 2022, the import price in Scandinavia amounted to $X per unit, which is down by -53.4% against the previous year. Overall, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 53%. As a result, import price attained the peak level of $X per unit, and then contracted sharply in the following year.

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 Norway (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform