Scandinavia: Measuring Instrument Market 2024

Measuring Instrument Market Size in Scandinavia

The Scandinavia measuring instrument market amounted to $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Measuring Instrument Production in Scandinavia

In value terms, measuring instrument production expanded to $X in 2023 estimated in export price. Over the period under review, production recorded measured growth. 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 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports in Scandinavia

Measuring instrument exports expanded modestly to X units in 2023, surging by X% on 2022. Total exports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 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, the exports hit record highs at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, measuring instrument exports rose sharply to $X in 2023. Total exports indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the largest exporter of instruments and apparatus for measuring or checking the flow or level of liquids in Scandinavia, with the volume of exports recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Finland (X units) and Norway (X units), together making up a X% share of total exports.

Sweden was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of X% from 2012 to 2023. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden and Finland increased by X and X percentage points, respectively.

In value terms, the largest measuring instrument supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

In terms of the main exporting countries, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 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 Norway ($X per unit), while Sweden ($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 mixed trends in the export price figures.

Measuring Instrument Imports

Imports in Scandinavia

For the fifth consecutive year, Scandinavia recorded growth in purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids, which increased by X% to X units in 2023. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, measuring instrument imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Sweden was the key importing country with an import of about X units, which recorded X% of total imports. Finland (X units) held the second position in the ranking, followed by Norway (X units). All these countries together held near X% share of total imports.

Sweden was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids imports, with a CAGR of X% from 2012 to 2023. At the same time, Finland (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden increased by X percentage points.

In value terms, the largest measuring instrument importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

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

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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 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 import price figures.

Source: IndexBox Platform