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Scandinavia - In-Hand Motor Grinders, Sanders and Planers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingScandinavia: Market for In-Hand Motor Grinders, Sanders And Planers 2024
Exports of In-Hand Motor Grinders, Sanders And Planers
Exports in Scandinavia
For the third consecutive year, Scandinavia recorded growth in overseas shipments of in-hand motor grinders, sanders and planers, which increased by 29% to X units in 2021. Total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 35% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Sweden was the major exporter of in-hand motor grinders, sanders and planers in Scandinavia, with the volume of exports accounting for X units, which was approx. 73% of total exports in 2021. It was distantly followed by Denmark (X units) and Finland (X units), together comprising a 24% share of total exports. Norway (X units) held a little share of total exports.
From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor exports from Sweden stood at +8.1%. At the same time, Norway (+8.8%) and Denmark (+8.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.8% from 2012-2021. By contrast, Finland (-14.0%) illustrated a downward trend over the same period. While the share of Sweden (+32 p.p.) and Denmark (+5.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-39.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Sweden ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Scandinavia, comprising 70% of total exports. The second position in the ranking was held by Finland ($X), with a 21% share of total exports. It was followed by Denmark, with a 6.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at -3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-0.2% per year) and Denmark (+8.4% per year).
Export Prices by Country
In 2021, the export price in Scandinavia amounted to $X per unit, with an increase of 4% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 38%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per unit), while Denmark ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+16.2%), while the other leaders experienced a decline in the export price figures.
Imports of In-Hand Motor Grinders, Sanders And Planers
Imports in Scandinavia
For the third year in a row, Scandinavia recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 27% to X units in 2021. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the near future.
In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Sweden (X units) was the main importer of in-hand motor grinders, sanders and planers, making up 44% of total imports. It was distantly followed by Denmark (X units), Finland (X units) and Norway (X units), together comprising a 55% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Sweden ($X), Norway ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 84% of total imports.
Sweden, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the import price in Scandinavia amounted to $X per unit, surging by 9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 13% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.8%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor in Scandinavia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Scandinavia, split by region and country
- Trade (exports and imports) in Scandinavia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Finland
- Norway
- Sweden
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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