Scandinavia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Scandinavia

In 2023, the Scandinavia market for pneumatic or hydraulic hand tools decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Scandinavia

In value terms, pneumatic or hydraulic hand tool production surged to $X in 2023 estimated in export price. Overall, production showed a pronounced downturn. The level of production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports in Scandinavia

In 2023, exports of pneumatic or hydraulic hand tools in Scandinavia contracted to X units, declining by X% compared with the year before. Over the period under review, exports showed a perceptible decline. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports shrank to $X in 2023. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, recording X units, which was near X% of total exports in 2023. Norway (X units) and Finland (X units) held a minor share of total exports.

Sweden was also the fastest-growing in terms of the pneumatic or hydraulic hand tools exports, with a CAGR of X% from 2012 to 2023. 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 exports 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, Sweden ($X) remains the largest pneumatic or hydraulic hand tool supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

In Sweden, pneumatic or hydraulic hand tool exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, surging by X% against the previous year. Export price indicated temperate growth from 2012 to 2023: its price 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. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Finland ($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 Pneumatic Or Hydraulic Hand Tools

Imports in Scandinavia

In 2023, purchases abroad of pneumatic or hydraulic hand tools decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool imports dropped rapidly to $X in 2023. Overall, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Sweden (X units) and Norway (X units) were the largest importers of pneumatic or hydraulic hand tools in 2023, finishing at near X% and X% of total imports, respectively. It was distantly followed by Finland (X units), comprising a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, Sweden, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Scandinavia stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per unit), while Norway ($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