Scandinavia: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in Scandinavia

The Scandinavia unit construction machine market fell to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Unit Construction Machine Production in Scandinavia

In value terms, unit construction machine production expanded slightly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Unit Construction Machine Exports

Exports in Scandinavia

In 2023, approx. X units of unit construction machines for working metal were exported in Scandinavia; with an increase of X% compared with 2022 figures. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, unit construction machine exports skyrocketed to $X in 2023. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Sweden (X units) represented the major exporter of unit construction machines for working metal, constituting X% of total exports. Finland (X units) took the second position in the ranking, followed by Norway (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to unit construction machine 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 2012-2023. By contrast, Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest unit construction machine supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main exporting countries, Finland, with a CAGR of X%, recorded 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 2023, the export price in Scandinavia amounted to $X per unit, reducing by X% against the previous year. In general, the export price recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, 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.

Unit Construction Machine Imports

Imports in Scandinavia

For the third year in a row, Scandinavia recorded decline in purchases abroad of unit construction machines for working metal, which decreased by X% to X units in 2023. Over the period under review, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, unit construction machine imports dropped markedly to $X in 2023. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then dropped sharply in the following year.

Imports by Country

Sweden was the largest importing country with an import of about X units, which resulted at X% of total imports. Finland (X units) ranks second in terms of the total imports with a X% share, followed by Norway (X%).

Imports into Sweden increased at an average annual rate of X% from 2012 to 2023. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Norway (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Norway (X p.p.) and Sweden (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported unit construction machines for working metal in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Sweden amounted to X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the import price recorded temperate growth. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices 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 Sweden (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform