Sweden: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish appliance part brush market, when its value decreased by -41.1% to $X. Overall, consumption showed a abrupt decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Appliance Part Brush Production in Sweden

In value terms, appliance part brush production shrank notably to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,768%. Appliance part brush production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Appliance Part Brush Exports

Exports from Sweden

In 2022, shipments abroad of brushes constituting parts of appliances increased by 8.5% 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 +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, appliance part brush exports skyrocketed to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +66.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X units), the United States (X units) and Germany (X units) were the main destinations of appliance part brush exports from Sweden, together accounting for 66% of total exports. Denmark, Iceland, Finland, Austria and Russia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +45.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for appliance part brush exported from Sweden were Germany ($X), Norway ($X) and the United States ($X), together accounting for 64% of total exports. Denmark, Finland, Iceland, Austria and Russia lagged somewhat behind, together comprising a further 17%.

Iceland, with a CAGR of +38.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, jumping by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 an increase of 23%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Iceland ($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 Germany (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Sweden

In 2022, after two years of growth, there was significant decline in overseas purchases of brushes constituting parts of appliances, when their volume decreased by -8.1% to X units. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% 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 +2.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 104%. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, appliance part brush imports contracted to $X in 2022. In general, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +64.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 48%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of appliance part brush to Sweden, accounting for a 60% share of total imports. Moreover, appliance part brush imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The United States (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and the United States (-2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of brushes constituting parts of appliances to Sweden, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 9.7% share of total imports. It was followed by the United States, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.9% per year) and the United States (-3.7% per year).

Import Prices by Country

The average appliance part brush import price stood at $X per unit in 2022, waning by -2.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 38%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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