Scandinavia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Scandinavia

After two years of growth, the Scandinavia grinding and sharpening machine market decreased by X% to $X in 2022. Over the period under review, consumption recorded a deep slump. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Production of Grinding And Sharpening Metal Finishing Machines in Scandinavia

In value terms, grinding and sharpening machine production reached $X in 2022 estimated in export price. The total production indicated a perceptible increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Scandinavia

Grinding and sharpening machine exports surged to X units in 2022, picking up by X% compared with 2021 figures. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding and sharpening machine exports shrank slightly to $X in 2022. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

Sweden was also the fastest-growing in terms of the grinding and sharpening metal finishing machines exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest grinding and sharpening machine supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at X%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price faced a abrupt slump. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to X% per year.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Scandinavia

In 2022, overseas purchases of grinding and sharpening metal finishing machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then contracted notably in the following year.

In value terms, grinding and sharpening machine imports contracted rapidly to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) represented the largest importer of grinding and sharpening metal finishing machines, comprising X% of total imports. Finland (X units) took the second position in the ranking, distantly followed by Norway (X units). All these countries together took approx. X% share of total imports.

Sweden was also the fastest-growing in terms of the grinding and sharpening metal finishing machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. Finland experienced a relatively flat trend pattern. From 2012 to 2022, the share of Sweden increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Among the main importing countries, Norway, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Scandinavia stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, showed a abrupt downturn. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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