Scandinavia: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2022

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Scandinavia

The Scandinavia market for elevators and conveyors other than pneumatic, belt- or bucket-type expanded rapidly to $X in 2021, picking up by 6.5% against the previous year. Over the period under review, consumption continues to indicate a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Scandinavia

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports in Scandinavia

In 2021, after two years of decline, there was significant growth in overseas shipments of elevators and conveyors other than pneumatic, belt- or bucket-type, when their volume increased by 23% to X units. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type soared to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 33%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The biggest shipments were from Denmark (X units), Sweden (X units) and Finland (X units), together finishing at 100% of total export.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +6.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 94% of total exports.

In terms of the main exporting countries, Denmark, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, declining by -6.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting 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 (-0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports in Scandinavia

In 2021, approx. X units of elevators and conveyors other than pneumatic, belt- or bucket-type were imported in Scandinavia; jumping by 47% against 2020 figures. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.8% against 2019 indices. Over the period under review, imports of reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.6% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Finland (X units), Sweden (X units) and Denmark (X units) was the largest importer of elevators and conveyors other than pneumatic, belt- or bucket-type in Scandinavia, comprising 85% of total import. It was distantly followed by Norway (X units), committing a 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest elevators and conveyors other than pneumatic, belt- or bucket-type importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 84% of total imports.

Among the main importing countries, Sweden, with a CAGR of +21.9%, 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 more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, picking up by 1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 an increase of 14%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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