Scandinavia: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Scandinavia

The Scandinavia snow motor vehicle market skyrocketed to $X in 2022, picking up by X% against the previous year. The total consumption indicated a resilient 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Snow Motor Vehicle Production in Scandinavia

In value terms, snow motor vehicle production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Snow Motor Vehicle Exports

Exports in Scandinavia

In 2022, shipments abroad of motor vehicles for travelling on snow or golf cars increased by X% to X units, rising for the second year in a row after two years of decline. Total exports indicated a moderate increase 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle exports skyrocketed to $X in 2022. Total exports indicated a moderate 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2012 to 2022, average annual rates of growth with regard to snow motor vehicle exports from Finland stood at X%. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, Finland ($X) remains the largest snow motor vehicle supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland totaled X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Finland ($X per unit), while Sweden amounted to $X per unit.

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

Snow Motor Vehicle Imports

Imports in Scandinavia

In 2022, after three years of decline, there was significant growth in purchases abroad of motor vehicles for travelling on snow or golf cars, when their volume increased by X% to X units. The total import volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle imports surged to $X in 2022. Total imports indicated a pronounced 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the largest importer of motor vehicles for travelling on snow or golf cars in Scandinavia, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Norway (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars imports, with a CAGR of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. By contrast, Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported motor vehicles for travelling on snow or golf cars in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, snow motor vehicle imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 mixed trends in the import price figures.

Source: IndexBox Platform

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