Sweden: Blow Lamp Market 2024

Blow Lamp Market Size in Sweden

The Swedish blow lamp market reduced modestly to $X in 2022, waning by -4.2% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Blow Lamp Production in Sweden

In value terms, blow lamp production surged to $X in 2022 estimated in export price. Overall, production saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 299%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Blow Lamp Exports

Exports from Sweden

In 2022, shipments abroad of blow lamps increased by 33% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed mild growth. The growth pace was the most rapid in 2020 when exports increased by 56%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, blow lamp exports fell to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 27%. The exports peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Norway (X tons) was the main destination for blow lamp exports from Sweden, with a 81% share of total exports. Moreover, blow lamp exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), ninefold. The third position in this ranking was held by Denmark (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+5.7% per year) and Denmark (+16.4% per year).

In value terms, Norway ($X) remains the key foreign market for blow lamps exports from Sweden, comprising 66% of total exports. The second position in the ranking was held by Finland ($X), with an 18% share of total exports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+6.3% per year) and Denmark (+18.5% per year).

Export Prices by Country

The average blow lamp export price stood at $X per ton in 2022, shrinking by -25.3% against the previous year. In general, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 42%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Blow Lamp Imports

Imports into Sweden

In 2022, the amount of blow lamps imported into Sweden fell to X tons, shrinking by -4.5% against 2021 figures. Over the period under review, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 176%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, blow lamp imports dropped to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +27.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 54%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest blow lamp supplier to Sweden, accounting for a 51% share of total imports. Moreover, blow lamp imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+29.6% per year) and Taiwan (Chinese) (-18.4% per year).

In value terms, China ($X), South Korea ($X) and Germany ($X) were the largest blow lamp suppliers to Sweden, with a combined 79% share of total imports. Taiwan (Chinese), Denmark, the United States and the Netherlands lagged somewhat behind, together comprising a further 16%.

The United States, with a CAGR of +36.9%, 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

The average blow lamp import price stood at $X per ton in 2022, shrinking by -6.2% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blow lamp import price increased by +105.4% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 51%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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