Sweden: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Sweden

In 2022, the Swedish trailer and semi-trailer market increased by 37% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.3% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Production in Sweden

In value terms, trailer and semi-trailer production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% 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 was the most pronounced in 2021 with an increase of 25% against the previous year. Trailer and semi-trailer production peaked in 2022 and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Exports

Exports from Sweden

After two years of decline, shipments abroad of cargo trailers and semi-trailers increased by 26% to X units in 2022. In general, exports, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 27%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports reached $X in 2022. Overall, exports, however, showed a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 14% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for trailer and semi-trailer exports from Sweden, with a 36% share of total exports. Moreover, trailer and semi-trailer exports to Norway exceeded the volume sent to the second major destination, Romania (X units), threefold. The third position in this ranking was held by Finland (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+59.6% per year) and Finland (+0.2% per year).

In value terms, Norway ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Sweden, comprising 49% of total exports. The second position in the ranking was taken by Denmark ($X), with a 9.8% share of total exports. It was followed by Finland, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-8.0% per year) and Finland (-2.7% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, declining by -17.4% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, 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 Germany ($X per unit), while the average price for exports to Romania ($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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Sweden

In 2022, after two years of growth, there was significant decline in overseas purchases of cargo trailers and semi-trailers, when their volume decreased by -8.4% to X units. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +26.1% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, trailer and semi-trailer imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of trailer and semi-trailer to Sweden, with a 48% share of total imports. Moreover, trailer and semi-trailer imports from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X units), threefold. Finland (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+8.6% per year) and Finland (-5.7% per year).

In value terms, Finland ($X), Germany ($X) and Poland ($X) constituted the largest trailer and semi-trailer suppliers to Sweden, together comprising 66% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +14.9%, 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

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, growing by 21% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform