Sweden: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Sweden

The Swedish market for air conditioning machines for motor vehicles expanded notably to $X in 2022, increasing by 7.9% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Sweden

In value terms, motor vehicle air conditioning machine production rose rapidly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 119% against the previous year. Motor vehicle air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Sweden

In 2022, shipments abroad of air conditioning machines for motor vehicles increased by 20% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle air conditioning machine exports rose rapidly to $X in 2022. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 129% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for motor vehicle air conditioning machine exports from Sweden, accounting for a 27% share of total exports. Moreover, motor vehicle air conditioning machine exports to the United States exceeded the volume sent to the second major destination, Finland (X units), threefold. Norway (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+16.3% per year) and Norway (+8.4% per year).

In value terms, the United States ($X) remains the key foreign market for air conditioning machines for motor vehicles exports from Sweden, comprising 23% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports. It was followed by Norway, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +64.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.5% per year) and Norway (+8.9% per year).

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, with a decrease of -12.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 72%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Italy ($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 the UK (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Sweden

Motor vehicle air conditioning machine imports into Sweden shrank to X units in 2022, flattening at 2021 figures. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 125%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, motor vehicle air conditioning machine imports fell to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 118%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest motor vehicle air conditioning machine supplier to Sweden, with a 70% share of total imports. Moreover, motor vehicle air conditioning machine imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+67.7% per year) and Poland (+29.6% per year).

In value terms, Germany ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Sweden, comprising 76% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 15% share of total imports. It was followed by Poland, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+73.0% per year) and Poland (+18.2% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, falling by -10.2% against the previous year. Over the period under review, the import price recorded a pronounced slump. The growth pace was the most rapid in 2013 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 Czech Republic (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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