Scandinavia: Sails Market 2024

Sails Market Size in Scandinavia

The Scandinavia sails market expanded rapidly to $X in 2023, with an increase of X% against the previous year. The total consumption indicated perceptible growth 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Sails Production in Scandinavia

In value terms, sails production totaled $X in 2023 estimated in export price. The total production indicated a moderate increase 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 decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Sails Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in shipments abroad of sails, which increased by X% to X tons in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, sails exports soared to $X in 2023. Over the period under review, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. Norway (X kg) held the second position in the ranking, followed by Finland (X kg). All these countries together took approx. X% share of total exports.

Sweden was also the fastest-growing in terms of the sails exports, with a CAGR of X% from 2012 to 2023. Norway (X%) and Finland (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, Sweden ($X) remains the largest sails supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Sweden stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while Sweden ($X per ton) 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 mixed trends in the export price figures.

Sails Imports

Imports in Scandinavia

In 2023, overseas purchases of sails increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, sails imports soared to $X in 2023. Total imports indicated moderate 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Sweden (X tons) was the key importer of sails, comprising X% of total imports. Norway (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of sails. Finland (X%) and 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, Sweden ($X) constitutes the largest market for imported sails in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

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

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, increasing by X% against the previous year. Import price indicated strong growth from 2012 to 2023: its price 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, sails import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked in 2023 and is likely to continue 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 ($X per ton), while Norway ($X per ton) 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