Scandinavia: Measuring Instrument Market 2024

Measuring Instrument Market Size in Scandinavia

The Scandinavia measuring instrument market expanded remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a drastic downturn. 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.

Measuring Instrument Production in Scandinavia

In value terms, measuring instrument production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Measuring Instrument Exports

Exports in Scandinavia

In 2022, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, measuring instrument exports dropped to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the largest exporter of instruments and apparatus for measuring or checking the flow or level of liquids in Scandinavia, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Finland (X units), generating a X% share of total exports. Norway (X units) took a relatively small share of total exports.

Sweden was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Finland increased by X and X percentage points, respectively.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2022.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 mixed trends in the export price figures.

Measuring Instrument Imports

Imports in Scandinavia

In 2022, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, measuring instrument imports contracted slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X units) and Finland (X units) represented the key importers of instruments and apparatus for measuring or checking the flow or level of liquids in Scandinavia, together constituting X% of total imports. It was distantly followed by Norway (X units), constituting a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($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 more modest paces of growth.

Source: IndexBox Platform

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