Scandinavia - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingScandinavia: Heat Pump Market 2024
Heat Pump Market Size in Scandinavia
In 2023, after three years of growth, there was significant decline in the Scandinavia heat pump market, when its value decreased by X% to $X. Overall, consumption, however, posted resilient growth. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.
Heat Pump Production in Scandinavia
In value terms, heat pump production fell markedly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then reduced dramatically in the following year.
Heat Pump Exports
Exports in Scandinavia
In 2023, approx. X units of heat pumps other than air conditioning machines were exported in Scandinavia; with an increase of X% against the previous year. Over the period under review, exports showed modest growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
In value terms, heat pump exports surged to $X in 2023. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Sweden (X units) represented roughly X% of total exports in 2023.
Sweden was also the fastest-growing in terms of the heat pumps other than air conditioning machines exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Sweden increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Sweden ($X) also remains the largest heat pump supplier in Scandinavia.
From 2012 to 2023, the average annual rate of growth in terms of value in Sweden stood at X%.
Export Prices by Country
In 2023, the export price in Scandinavia amounted to $X per unit, picking up by X% against the previous year. In general, the export price saw a strong expansion. The growth pace was the most rapid in 2022 an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2023, the rate of growth in terms of prices for Sweden amounted to X% per year.
Heat Pump Imports
Imports in Scandinavia
In 2023, purchases abroad of heat pumps other than air conditioning machines decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.
In value terms, heat pump imports expanded significantly to $X in 2023. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.
Imports by Country
Sweden represented the largest importer of heat pumps other than air conditioning machines in Scandinavia, with the volume of imports resulting at X units, which was near X% of total imports in 2023. Norway (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).
From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.
In value terms, the largest heat pump importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).
Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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
The import price in Scandinavia stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price showed prominent growth. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($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 Finland (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the heat pump market 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:
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
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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