Sweden: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Sweden

In 2022, the Swedish transportation vehicle body market increased by 12% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, recorded a pronounced contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Transportation Vehicle Body Production in Sweden

In value terms, transportation vehicle body production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 166%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Transportation Vehicle Body Exports

Exports from Sweden

In 2022, shipments abroad of bodies for motor vehicles for the transporting people decreased by -29.5% to X units, falling for the fifth year in a row after six years of growth. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2014 with an increase of 224% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports contracted significantly to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 180%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units) was the main destination for transportation vehicle body exports from Sweden, accounting for a 55% share of total exports. Moreover, transportation vehicle body exports to Poland exceeded the volume sent to the second major destination, Norway (X units), fourfold. The third position in this ranking was taken by Brazil (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+4.0% per year) and Brazil (+82.0% per year).

In value terms, the largest markets for transportation vehicle body exported from Sweden were Poland ($X), Malaysia ($X) and Norway ($X), together accounting for 81% of total exports. Belgium, India, the United States and Brazil lagged somewhat behind, together comprising a further 12%.

In terms of the main countries of destination, India, with a CAGR of +124.0%, 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 transportation vehicle body export price stood at $X per unit in 2022, surging by 5.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 73% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Malaysia ($X per unit), while the average price for exports to Brazil ($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 Belgium (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Sweden

Transportation vehicle body imports into Sweden surged to X units in 2022, growing by 88% against the year before. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 196% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, transportation vehicle body imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when imports increased by 140% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of transportation vehicle body to Sweden, with a 73% share of total imports. Moreover, transportation vehicle body imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. The third position in this ranking was held by China (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +102.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+54.0% per year) and China (+24.5% per year).

In value terms, Germany ($X), Finland ($X) and China ($X) constituted the largest transportation vehicle body suppliers to Sweden, with a combined 68% share of total imports.

Among the main suppliers, Germany, with a CAGR of +82.9%, 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

The average transportation vehicle body import price stood at $X per unit in 2022, declining by -62.1% against the previous year. In general, the import price saw a precipitous contraction. The growth pace was the most rapid in 2020 when the average import price increased by 92%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Finland ($X per unit), while the price for Germany ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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