Scandinavia: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Scandinavia

The Scandinavia mounting lifting equipment market dropped to $X in 2022, falling by X% against the previous year. The total consumption indicated a buoyant expansion 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, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Mounting Lifting Equipment Production in Scandinavia

In value terms, mounting lifting equipment production expanded notably to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports in Scandinavia

In 2022, overseas shipments of lifting equipment designed for mounting on road vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a perceptible increase. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, mounting lifting equipment exports expanded rapidly to $X in 2022. Total exports indicated a mild 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Finland dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Sweden (X units), making up a X% share of total exports.

Finland was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles exports, with a CAGR of X% from 2012 to 2022. Sweden (X%) illustrated a downward trend over the same period. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively.

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

In Finland, mounting lifting equipment exports expanded at an average annual rate of X% over the period from 2012-2022.

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 recorded a pronounced decrease. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 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 Sweden ($X per unit), while Finland totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Mounting Lifting Equipment Imports

Imports in Scandinavia

In 2022, supplies from abroad of lifting equipment designed for mounting on road vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounting lifting equipment imports stood at $X in 2022. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 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) and Norway (X units) were the major importers of lifting equipment designed for mounting on road vehicles in Scandinavia, together mixing up X% of total imports. It was distantly followed by Finland (X units), mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in Scandinavia stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 import price figures.

Source: IndexBox Platform

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