Scandinavia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of in-hand motor grinders, sanders and planers, which increased by 29% to X units in 2021. Total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 35% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the major exporter of in-hand motor grinders, sanders and planers in Scandinavia, with the volume of exports accounting for X units, which was approx. 73% of total exports in 2021. It was distantly followed by Denmark (X units) and Finland (X units), together comprising a 24% share of total exports. Norway (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from Sweden stood at +8.1%. At the same time, Norway (+8.8%) and Denmark (+8.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.8% from 2012-2021. By contrast, Finland (-14.0%) illustrated a downward trend over the same period. While the share of Sweden (+32 p.p.) and Denmark (+5.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-39.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Scandinavia, comprising 70% of total exports. The second position in the ranking was held by Finland ($X), with a 21% share of total exports. It was followed by Denmark, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at -3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-0.2% per year) and Denmark (+8.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 4% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 38%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+16.2%), while the other leaders experienced a decline in the export price figures.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Scandinavia

For the third year in a row, Scandinavia recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 27% to X units in 2021. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 increased by +75.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 increased by +63.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X units) was the main importer of in-hand motor grinders, sanders and planers, making up 44% of total imports. It was distantly followed by Denmark (X units), Finland (X units) and Norway (X units), together comprising a 55% 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 Denmark (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 84% of total imports.

Sweden, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, surging by 9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 13% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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