Scandinavia: Engine Generator Market 2024

Engine Generator Market Size in Scandinavia

The Scandinavia engine generator market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Production in Scandinavia

In value terms, engine generator production contracted to $X in 2022 estimated in export price. In general, production saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Engine Generator Exports

Exports in Scandinavia

In 2022, overseas shipments of generators for internal combustion engines were finally on the rise to reach X units after five years of decline. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, engine generator exports rose to $X in 2022. Overall, exports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden was the main exporting country with an export of about X units, which recorded X% of total exports. Norway (X units) took the second position in the ranking, followed by Finland (X units). All these countries together took near X% share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. 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 exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Sweden, engine generator exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then shrank modestly in the following year.

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 Finland (X%), while the other leaders experienced mixed trends in the export price figures.

Engine Generator Imports

Imports in Scandinavia

In 2022, supplies from abroad of generators for internal combustion engines decreased by X% to X units, falling for the fifth consecutive year after three years of growth. In general, imports continue to indicate a mild descent. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, engine generator imports declined to $X in 2022. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) represented the largest importer of generators for internal combustion engines, comprising X% of total imports. Finland (X units) held the second position in the ranking, distantly followed by Norway (X units). All these countries together took approx. X% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of generators for internal combustion engines. Norway experienced a relatively flat trend pattern. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Norway increased by X and X percentage points, respectively.

In value terms, the largest engine generator importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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