Sweden: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Sweden

The Swedish market for electrical boards, panels, consoles, desks and cabinets was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in Sweden

In value terms, electric board, desk and panel production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 63%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Sweden

In 2021, overseas shipments of electrical boards, panels, consoles, desks and cabinets increased by 1.1% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, electric board, desk and panel exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 41%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X units), Denmark (X units) and Germany (X units) were the main destinations of electric board, desk and panel exports from Sweden, with a combined 62% share of total exports. Finland, France, Poland, the Netherlands and Belgium lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Denmark ($X) were the largest markets for electric board, desk and panel exported from Sweden worldwide, together accounting for 55% of total exports. Finland, France, the Netherlands, Belgium and Poland lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Poland, with a CAGR of +26.1%, recorded 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 electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, growing by 9.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Poland ($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 Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Sweden

In 2021, purchases abroad of electrical boards, panels, consoles, desks and cabinets was finally on the rise to reach X units after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 9.1%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, electric board, desk and panel imports soared to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X units), Germany (X units) and Denmark (X units) were the main suppliers of electric board, desk and panel imports to Sweden, together comprising 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric board, desk and panel suppliers to Sweden were Germany ($X), France ($X) and Denmark ($X), with a combined 49% share of total imports. These countries were followed by Romania, Italy, China, Estonia, the Netherlands, Finland and Lithuania, which together accounted for a further 32%.

In terms of the main suppliers, Romania, with a CAGR of +55.2%, 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 import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, picking up by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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