Scandinavia: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Scandinavia

In 2023, the Scandinavia confectionery-making industrial machinery market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. The market 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 in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Confectionery-Making Industrial Machinery Production in Scandinavia

In value terms, confectionery-making industrial machinery production declined modestly to $X in 2023 estimated in export price. The total production indicated tangible growth 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, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Confectionery-Making Industrial Machinery Exports

Exports in Scandinavia

In 2023, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported in Scandinavia; rising by X% against 2022. Over the period under review, exports recorded modest growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, confectionery-making industrial machinery exports surged to $X in 2023. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Sweden was the major exporting country with an export of around X units, which recorded X% of total exports. Norway (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Finland (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Finland (X p.p.) and Sweden (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) emerged as the largest confectionery-making industrial machinery supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Sweden stood at X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

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, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the export price figures.

Confectionery-Making Industrial Machinery Imports

Imports in Scandinavia

In 2023, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imported in Scandinavia skyrocketed to X units, growing by X% compared with the year before. In general, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports skyrocketed to $X in 2023. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Norway (X units) was the largest importer of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate, committing X% of total imports. Sweden (X units) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Norway was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imports, with a CAGR of X% from 2012 to 2023. Sweden (X%) and Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Norway increased by X percentage points.

In value terms, Norway ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Norway amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform