Scandinavia: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Scandinavia

The Scandinavia market for electric generating sets and rotary converters surged to $X in 2021, picking up by X% against the previous year. Overall, consumption recorded a resilient increase. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Electric Generating Sets And Rotary Converters in Scandinavia

In value terms, production of electric generating sets and rotary converters surged to $X in 2021 estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth failed to regain momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports in Scandinavia

In 2021, the amount of electric generating sets and rotary converters exported in Scandinavia expanded sharply to X units, growing by X% compared with 2020 figures. Over the period under review, exports showed measured growth. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters dropped remarkably to $X in 2021. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the key exporting country with an export of around X units, which accounted for X% of total exports. Finland (X units) ranks second in terms of the total exports with a X% share, followed by Norway (X%).

Sweden was also the fastest-growing in terms of the electric generating sets and rotary converters exports, with a CAGR of X% from 2012 to 2021. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by X percentage points.

In value terms, the largest electric generating set and rotary converter supplying countries in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main exporting countries, Sweden, with a CAGR of X%, saw 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 2021, falling by X% against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2021, 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 Electric Generating Sets And Rotary Converters

Imports in Scandinavia

In 2021, supplies from abroad of electric generating sets and rotary converters increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of electric generating sets and rotary converters skyrocketed to $X in 2021. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

Sweden (X units) and Finland (X units) represented roughly X% of total imports in 2021. It was distantly followed by Norway (X units), making up a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constitutes the largest market for imported electric generating sets and rotary converters in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

In Norway, imports of electric generating sets and rotary converters expanded at an average annual rate of X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, 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

Frequently Asked Questions (FAQ) :