Scandinavia: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Scandinavia

The Scandinavia non-electric industrial furnace market rose rapidly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Scandinavia

In value terms, non-electric industrial furnace production reached $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports in Scandinavia

In 2022, after four years of decline, there was significant growth in shipments abroad of non-electric industrial or laboratory furnaces and ovens, when their volume increased by X% to X units. Over the period under review, exports, however, recorded a deep slump. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. In general, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Norway (X units) was the major exporter of non-electric industrial or laboratory furnaces and ovens, comprising X% of total exports. Sweden (X units) took the second position in the ranking, followed by Finland (X units). All these countries together took near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace exports from Norway 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. By contrast, Finland (X%) illustrated a downward trend over the same period. Norway (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by X% from 2012 to 2022, respectively.

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

Among the main exporting countries, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in Scandinavia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Sweden (X%), while the other leaders experienced a decline in the export price figures.

Non-Electric Industrial Furnace Imports

Imports in Scandinavia

After two years of growth, supplies from abroad of non-electric industrial or laboratory furnaces and ovens decreased by X% to X units in 2022. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports contracted to $X in 2022. In general, imports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Norway (X units) represented the major importer of non-electric industrial or laboratory furnaces and ovens, mixing up X% of total imports. Sweden (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace imports into Norway stood at X%. At the same time, Sweden (X%) and Finland (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Sweden increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Among the main importing countries, Sweden, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 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 remained at a lower figure.

Prices varied noticeably by country of destination: 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 Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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