Scandinavia: Insulating Fittings Market 2024

Insulating Fittings Market Size in Scandinavia

The Scandinavia insulating fittings market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Insulating Fittings Production in Scandinavia

In value terms, insulating fittings production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Insulating Fittings Exports

Exports in Scandinavia

In 2022, overseas shipments of insulating fittings for electrical purposes were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a mild reduction. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, insulating fittings exports amounted to $X in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Finland (X tons), making up a X% share of total exports. Norway (X tons) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. 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 2012-2022. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest insulating fittings supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) 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 export price figures.

Insulating Fittings Imports

Imports in Scandinavia

In 2022, after two years of growth, there was significant decline in purchases abroad of insulating fittings for electrical purposes, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, insulating fittings imports dropped to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the major importing country with an import of around X tons, which finished at X% of total imports. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

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

Among the main importing countries, Norway, 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 more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a noticeable reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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