Scandinavia: Electronic Chip Market 2024

Electronic Chip Market Size in Scandinavia

The Scandinavia electronic chip market surged to $X in 2023, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced reduction. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Electronic Chip Production in Scandinavia

In value terms, electronic chip production soared to $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Electronic Chip Exports

Exports in Scandinavia

In 2023, overseas shipments of electronic chips decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, electronic chip exports declined significantly to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

The biggest shipments were from Sweden (X units) and Finland (X units), together finishing at X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of X%).

In value terms, the largest electronic chip supplying countries in Scandinavia were Finland ($X) and Sweden ($X).

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, declining by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic chip export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%).

Electronic Chip Imports

Imports in Scandinavia

In 2023, purchases abroad of electronic chips decreased by X% to X units for the first time since 2017, thus ending a five-year rising trend. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, electronic chip imports expanded sharply to $X in 2023. Over the period under review, imports, however, showed measured growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

Sweden was the largest importing country with an import of around X units, which recorded X% of total imports. It was distantly followed by Finland (X units) and Norway (X units), together constituting a X% share of total imports.

Imports into Sweden increased at an average annual rate of X% from 2012 to 2023. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of imports in 2023.

In terms of the main importing countries, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, 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