Scandinavia: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Scandinavia

The Scandinavia market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels soared to $X in 2022, surging by X% against the previous year. Overall, consumption posted a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Scandinavia

In value terms, grease fittings and oil seals production contracted to $X in 2022 estimated in export price. The total production indicated a moderate 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, production increased by X% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in Scandinavia

In 2022, exports of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Scandinavia soared to X units, increasing by X% compared with the previous year's figure. Over the period under review, exports showed measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, grease fittings and oil seals exports dropped to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. 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 key exporter of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, making up X% of total exports. Finland (X units) took the second position in the ranking, distantly followed by Norway (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grease fittings and oil seals exports from Sweden stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. 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, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Finland, with a CAGR of X%, saw 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, reducing by X% against the previous year. In general, the export price faced a deep downturn. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 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 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 a decline in the export price figures.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in Scandinavia

In 2022, purchases abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports showed strong growth. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, grease fittings and oil seals imports surged to $X in 2022. Over the period under review, imports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X units) represented the largest importer of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, generating X% of total imports. Sweden (X units) ranks second in terms of the total imports with a X% share, followed by Norway (X%).

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

In terms of the main importing countries, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, dropping by X% against the previous year. Overall, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 a decline in the import price figures.

Source: IndexBox Platform

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