Scandinavia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Scandinavia

In 2023, the Scandinavia machine-tool for working wood market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a mild shrinkage. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in Scandinavia

In value terms, machine-tool for working wood production soared to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports in Scandinavia

In 2023, overseas shipments of machine-tools for working wood decreased by X% to X units, falling for the second year in a row after five years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports reached $X in 2023. Total exports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Sweden prevails in exports structure, reaching X units, which was near X% of total exports in 2023. It was distantly followed by Finland (X units), mixing up a X% share of total exports. Norway (X units) followed a long way behind the leaders.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of machine-tools for working wood. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Finland (X p.p.) and Norway (X p.p.) displayed negative dynamics.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2023.

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

The export price in Scandinavia stood at $X per unit in 2023, jumping by X% against the previous year. Overall, the export price showed slight growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2023, the export prices remained at a somewhat 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 2023, 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.

Imports of Machine-Tools For Working Wood

Imports in Scandinavia

In 2023, purchases abroad of machine-tools for working wood decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, machine-tool for working wood imports reduced to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank slightly in the following year.

Imports by Country

In 2023, Sweden (X units) represented the key importer of machine-tools for working wood, committing X% of total imports. It was distantly followed by Norway (X units) and Finland (X units), together creating a X% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of machine-tools for working wood. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Finland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working wood importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X), with a combined X% share of total imports.

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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per unit, increasing by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, machine-tool for working wood import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform