Sweden: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Sweden

The Swedish market for turbo, rotary and reciporating displacement compressors reduced to $X in 2022, declining by -14.3% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.7% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Sweden

In value terms, production of turbo, rotary and reciporating displacement compressors contracted remarkably to $X in 2022 estimated in export price. In general, production, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 499% against the previous year. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Sweden

After three years of growth, overseas shipments of turbo, rotary and reciporating displacement compressors decreased by -19.2% to X units in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. As a result, the exports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors fell sharply to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 71%. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Sweden, with a combined 46% share of total exports. Germany, the United States, Poland, the UK, Australia, China, the Netherlands and Austria lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +15.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Sweden were Norway ($X), the United States ($X) and Germany ($X), together comprising 35% of total exports. The UK, Finland, Denmark, the Netherlands, Australia, Poland, China and Austria lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, the UK, with a CAGR of +17.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, waning by -14.6% against the previous year. In general, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Denmark ($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 (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Sweden

In 2022, the amount of turbo, rotary and reciporating displacement compressors imported into Sweden dropped significantly to X units, waning by -17.2% against the previous year's figure. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then reduced remarkably in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 29%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), France (X units) and Hungary (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Sweden, with a combined 53% share of total imports. China, Japan, the Netherlands, Poland, the UK and Italy lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and France ($X) were the largest turbo, rotary and reciporating displacement compressor suppliers to Sweden, with a combined 58% share of total imports. The UK, China, Poland, the Netherlands, Japan and Italy lagged somewhat behind, together comprising a further 22%.

China, with a CAGR of +16.6%, recorded 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

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, with an increase of 4% against the previous year. In general, the import price, however, saw a pronounced reduction. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 UK ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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