Sweden: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Sweden

For the fourth consecutive year, the Swedish agricultural appliance market recorded growth in sales value, which increased by 22% to $X in 2021. Overall, consumption recorded a prominent increase. Agricultural appliance consumption peaked in 2021 and is likely to continue growth in years to come.

Agricultural Appliance Production in Sweden

In value terms, agricultural appliance production stood at $X in 2021 estimated in export price. Overall, production recorded a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 16%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Agricultural Appliance Exports

Exports from Sweden

After three years of growth, shipments abroad of agricultural appliances decreased by -8.6% to X units in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 110%. The exports peaked at X units in 2020, and then dropped in the following year.

In value terms, agricultural appliance exports soared to $X in 2021. In general, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of agricultural appliance exports from Sweden, with a combined 59% share of total exports. Lithuania, Latvia, Canada, the Netherlands, France, Poland, Russia, the United Arab Emirates, Estonia and Spain lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +127.8%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and Finland ($X) were the largest markets for agricultural appliance exported from Sweden worldwide, together accounting for 52% of total exports. These countries were followed by the Netherlands, France, Latvia, Spain, Lithuania, the United Arab Emirates, Canada, Estonia, Russia and Poland, which together accounted for a further 37%.

The United Arab Emirates, with a CAGR of +70.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average agricultural appliance export price stood at $X per unit in 2021, rising by 60% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.7%), while the prices for the other major destinations experienced a decline.

Agricultural Appliance Imports

Imports into Sweden

For the fourth consecutive year, Sweden recorded growth in purchases abroad of agricultural appliances, which increased by 26% to X units in 2021. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 when imports increased by 94%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, agricultural appliance imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 54%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of agricultural appliance imports to Sweden, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +43.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and China ($X) constituted the largest agricultural appliance suppliers to Sweden, together accounting for 64% of total imports.

In terms of the main suppliers, France, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average agricultural appliance import price amounted to $X per unit, increasing by 7.9% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2015 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform