Scandinavia: Loading Machinery Market 2024

Loading Machinery Market Size in Scandinavia

In 2022, the Scandinavia loading machinery market decreased by X% to $X, falling for the fourth consecutive year after four years of growth. Over the period under review, consumption continues to indicate a sharp contraction. Over the period under review, the market hit record highs at $X.1B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Loading Machinery Production in Scandinavia

In value terms, loading machinery production rose remarkably to $X in 2022 estimated in export price. Overall, production recorded a precipitous slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Loading Machinery Exports

Exports in Scandinavia

In 2022, overseas shipments of lifting, handling, loading or unloading machinery increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, loading machinery exports expanded sharply to $X in 2022. In general, exports, however, saw a slight downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) represented the largest exporter of lifting, handling, loading or unloading machinery, achieving X% of total exports. It was distantly followed by Finland (X units), committing a X% share of total exports. Norway (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to loading machinery exports from Sweden stood at X%. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Norway increased by X and X percentage points, respectively.

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

In terms of the main exporting countries, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a slight downturn. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($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 a decline in the export price figures.

Loading Machinery Imports

Imports in Scandinavia

In 2022, supplies from abroad of lifting, handling, loading or unloading machinery increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw mild growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, loading machinery imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Sweden (X units) and Norway (X units) represented the key importers of lifting, handling, loading or unloading machinery in Scandinavia, together achieving X% of total imports. It was distantly followed by Finland (X units), constituting an X% share of total imports.

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

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

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

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, reducing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then reduced modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($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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