Scandinavia: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Scandinavia

In 2022, the Scandinavia AC/DC motor market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a tangible 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Ac/Dc Motor Production in Scandinavia

In value terms, AC/DC motor production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Ac/Dc Motor Exports

Exports in Scandinavia

In 2022, shipments abroad of AC/DC motors increased by X% to X units, rising for the third year in a row after six years of decline. Over the period under review, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, AC/DC motor exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Sweden (X units) represented the largest exporter of AC/DC motors, constituting X% of total exports. It was distantly followed by Finland (X units), committing a X% share of total exports. Norway (X units) took a relatively small share of total exports.

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (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. While the share of Finland (X p.p.) and Norway (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics.

In value terms, Finland ($X) remains the largest AC/DC motor supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($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 (X%), while the other leaders experienced a decline in the export price figures.

Ac/Dc Motor Imports

Imports in Scandinavia

In 2022, approx. X units of AC/DC motors were imported in Scandinavia; therefore, remained relatively stable against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, AC/DC motor imports skyrocketed to $X in 2022. Total imports indicated a measured 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 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) represented the major importer of AC/DC motors, comprising X% of total imports. Finland (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of AC/DC motors. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. 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 ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) 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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :