Sweden: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Sweden

The Swedish agricultural forestry machinery market skyrocketed to $X in 2022, picking up by 242% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Agricultural Forestry Machinery Production in Sweden

In value terms, agricultural forestry machinery production shrank to $X in 2022 estimated in export price. In general, production showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then fell in the following year.

Agricultural Forestry Machinery Exports

Exports from Sweden

Agricultural forestry machinery exports from Sweden reduced markedly to X units in 2022, which is down by -23.6% on the year before. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 38%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports fell rapidly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units), Norway (X units) and Poland (X units) were the main destinations of agricultural forestry machinery exports from Sweden, together comprising 39% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +6.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X) remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Sweden, comprising 22% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 9.7% share of total exports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+1.8% per year) and Germany (-6.4% per year).

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, falling by -1.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 22%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Sweden

In 2022, purchases abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -0.6% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery imports rose markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Lithuania (X units), Denmark (X units) and Italy (X units) were the main suppliers of agricultural forestry machinery imports to Sweden, together accounting for 55% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to Sweden were Denmark ($X), Italy ($X) and Lithuania ($X), together accounting for 50% of total imports.

Lithuania, with a CAGR of +40.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, increasing by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2017 when the average import price increased by 30%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :