Scandinavia: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Scandinavia

In 2022, after four years of growth, there was significant decline in the Scandinavia agricultural appliance market, when its value decreased by X% to $X. In general, consumption, however, posted buoyant growth. The level of consumption peaked at $X in 2021, and then shrank sharply in the following year.

Agricultural Appliance Production in Scandinavia

In value terms, agricultural appliance production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Agricultural Appliance Exports

Exports in Scandinavia

In 2022, overseas shipments of agricultural appliances decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, agricultural appliance exports reduced to $X in 2022. In general, exports, however, saw a notable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Sweden (X units) was the largest exporter of agricultural appliances, generating X% of total exports. It was distantly followed by Finland (X units), committing an X% share of total exports. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to agricultural appliance exports from Sweden stood at X%. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Finland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Sweden totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, falling by X% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Finland ($X per unit), while Norway ($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 (X%), while the other leaders experienced a decline in the export price figures.

Agricultural Appliance Imports

Imports in Scandinavia

In 2022, after four years of growth, there was significant decline in purchases abroad of agricultural appliances, when their volume decreased by X% to X units. Overall, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X units in 2021, and then declined notably in the following year.

In value terms, agricultural appliance imports fell to $X in 2022. In general, imports saw a slight setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, Norway, with a CAGR of X%, recorded the highest growth rate of 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, growing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

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