Scandinavia: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Scandinavia

The Scandinavia market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption saw a noticeable slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Scandinavia

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in Scandinavia

In 2022, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were exported in Scandinavia; declining by X% on 2021. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose significantly to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X units) was the main exporter of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, making up X% of total exports. It was distantly followed by Finland (X units), generating a X% share of total exports. Norway (X units) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Finland and Norway increased by X and X percentage points, respectively.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Norway, with a CAGR of X%, recorded 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 2022, the export price in Scandinavia amounted to $X per unit, surging by X% against the previous year. Export price indicated a modest 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. Based on 2022 figures, export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 export price figures.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in Scandinavia

In 2022, overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded significantly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden represented the largest importing country with an import of around X units, which resulted at X% of total imports. Finland (X units) ranks second in terms of the total imports with a X% share, followed by Norway (X%).

From 2012 to 2022, average annual rates of growth with regard to hydraulic pump (gear or vane) and other rotary positive displacement pump imports into Sweden stood at X%. Finland experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported hydraulic pumps (gear or vane) and other rotary positive displacement pumps in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, increasing by X% against the previous year. Import price indicated measured growth 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. Based on 2022 figures, import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

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

Source: IndexBox Platform

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