Scandinavia: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Scandinavia

After three years of growth, the Scandinavia metal solid fuel appliances market decreased by -15% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Scandinavia

In value terms, metal solid fuel appliances production contracted to $X in 2022 estimated in export price. In general, production recorded a noticeable reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 59% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in Scandinavia

Metal solid fuel appliances exports shrank to X units in 2022, with a decrease of -8.8% on the year before. Overall, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 17%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports expanded modestly to $X in 2022. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 7.1% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sweden (X units) and Finland (X units) were the largest exporters of iron or steel solid fuel domestic appliances in Scandinavia, together recording approx. 79% of total exports. It was distantly followed by Norway (X units), making up a 21% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +1.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X) remains the largest metal solid fuel appliances supplier in Scandinavia, comprising 66% of total exports. The second position in the ranking was taken by Norway ($X), with a 19% share of total exports.

In Sweden, metal solid fuel appliances exports contracted by an average annual rate of -2.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-8.5% per year) and Finland (-3.0% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, surging by 15% against the previous year. In general, the export price, however, saw a mild shrinkage. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports in Scandinavia

In 2022, purchases abroad of iron or steel solid fuel domestic appliances decreased by -21.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by 76%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, metal solid fuel appliances imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden (X units) and Norway (X units) represented the largest importers of iron or steel solid fuel domestic appliances in 2022, resulting at approx. 44% and 38% of total imports, respectively. It was distantly followed by Finland (X units), constituting an 18% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +6.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constitutes the largest market for imported iron or steel solid fuel domestic appliances in Scandinavia, comprising 69% of total imports. The second position in the ranking was held by Sweden ($X), with a 24% share of total imports.

In Norway, metal solid fuel appliances imports expanded at an average annual rate of +2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (-2.9% per year) and Finland (-0.9% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, rising by 32% against the previous year. Overall, the import price, however, saw a deep contraction. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Norway (-3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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