Scandinavia: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Scandinavia

The Scandinavia agricultural harvester market contracted to $X in 2023, declining by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2022, and then reduced in the following year.

Agricultural Harvester Production in Scandinavia

In value terms, agricultural harvester production dropped to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Agricultural Harvester Exports

Exports in Scandinavia

In 2023, shipments abroad of agricultural harvesters increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, agricultural harvester exports shrank to $X in 2023. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Sweden (X units) was the major exporter of agricultural harvesters, mixing up X% of total exports. It was distantly followed by Norway (X units) and Finland (X units), together constituting a X% share of total exports.

Sweden was also the fastest-growing in terms of the agricultural harvesters exports, with a CAGR of X% from 2012 to 2023. At the same time, Norway (X%) displayed positive paces of growth. By contrast, Finland (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) and Norway (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2023.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, falling by X% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 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 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 Norway (X%), while the other leaders experienced a decline in the export price figures.

Agricultural Harvester Imports

Imports in Scandinavia

In 2023, after three years of growth, there was decline in overseas purchases of agricultural harvesters, when their volume decreased by X% to X units. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, agricultural harvester imports expanded remarkably to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Sweden represented the major importing country with an import of around X units, which accounted for X% of total imports. Finland (X units) ranks second in terms of the total imports with a X% share, followed by Norway (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported agricultural harvesters in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Sweden totaled 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, picking up by X% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, 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 Sweden ($X per unit), while Finland ($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 mixed trends in the import price figures.

Source: IndexBox Platform