Scandinavia: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Scandinavia

The Scandinavia electronic metal tester market rose notably to $X.1B in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate significant growth. The level of consumption peaked at $X.6B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electronic Metal Tester Production in Scandinavia

In value terms, electronic metal tester production expanded remarkably to $X.6B in 2022 estimated in export price. Overall, production showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X.9B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electronic Metal Tester Exports

Exports in Scandinavia

In 2022, shipments abroad of electronic machines and appliances for testing metals increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electronic metal tester exports skyrocketed to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Norway (X units) and Sweden (X units) were the key exporters of electronic machines and appliances for testing metals in Scandinavia, together making up X% of total exports. It was distantly followed by Finland (X units), committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

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

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, with an increase of X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports in Scandinavia

In 2022, overseas purchases of electronic machines and appliances for testing metals increased by X% to X units, rising for the second year in a row after four years of decline. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, electronic metal tester imports rose modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Norway (X units) represented the key importer of electronic machines and appliances for testing metals, generating X% of total imports. It was distantly followed by Sweden (X units), committing a X% share of total imports. Finland (X units) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the electronic machines and appliances for testing metals imports, with a CAGR of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. By contrast, Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) and Sweden (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs 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 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 Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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