Scandinavia: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Scandinavia

The Scandinavia market for parts of apparatus of hs shrank modestly to $X in 2021, almost unchanged from the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.3% against 2019 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Production of Parts Of Apparatus Of Hs in Scandinavia

In value terms, parts of apparatus of hs production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 731% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports in Scandinavia

For the fifth consecutive year, Scandinavia recorded growth in shipments abroad of parts of apparatus of hs, which increased by 0.6% to X units in 2021. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, parts of apparatus of hs exports rose slightly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.5% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Denmark was the major exporting country with an export of about X units, which reached 54% of total exports. Sweden (X units) held a 35% share (based on physical terms) of total exports, which put it in second place, followed by Finland (5.7%) and Norway (4.6%).

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +7.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2021, with a combined 95% share of total exports.

In terms of the main exporting countries, Sweden, with a CAGR of +12.0%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2016 when the export price increased by 13% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Sweden ($X per unit) and Norway ($X per unit), while Denmark ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports in Scandinavia

Parts of apparatus of hs imports declined slightly to X units in 2021, stabilizing at the year before. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 34%. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, parts of apparatus of hs imports totaled $X in 2021. In general, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Sweden (X units) represented the key importer of parts of apparatus of hs, comprising 49% of total imports. Denmark (X units) took a 30% share (based on physical terms) of total imports, which put it in second place, followed by Norway (12%) and Finland (8.3%).

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.

Sweden, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, surging by 2% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs import price decreased by -17.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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