Sweden: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Sweden

In 2021, after three years of growth, there was decline in the Swedish civil reaction engine market, when its value decreased by -4.7% to $X. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Civil reaction engine consumption peaked at $X in 2020, and then declined in the following year.

Civil Reaction Engine Production in Sweden

In value terms, civil reaction engine production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2.4% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Civil Reaction Engine Exports

Exports from Sweden

For the third consecutive year, Sweden recorded growth in shipments abroad of civil reaction engines, which increased by 134% to X units in 2021. In general, exports, however, showed a deep downturn. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, civil reaction engine exports surged to $X in 2021. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X units), the United States (X units) and Norway (X units) were the main destinations of civil reaction engine exports from Sweden, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +154.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for civil reaction engines exports from Sweden, comprising 95% of total exports. The second position in the ranking was held by Norway ($X), with a 2.7% share of total exports. It was followed by Denmark, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-20.7% per year) and Denmark (+157.3% per year).

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, increasing by 214% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 Thailand (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Civil Reaction Engine Imports

Imports into Sweden

In 2021, approx. X units of civil reaction engines were imported into Sweden; reducing by -15.5% against 2020 figures. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 1,188%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, civil reaction engine imports reduced to $X in 2021. In general, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 981%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) constituted the largest civil reaction engine supplier to Sweden, with a 70% share of total imports. Moreover, civil reaction engine imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. France (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +44.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+45.1% per year) and France (-45.6% per year).

In value terms, the UK ($X) constituted the largest supplier of civil reaction engines to Sweden, comprising 63% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by Finland, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+38.0% per year) and Finland (+95.6% per year).

Import Prices by Country

The average civil reaction engine import price stood at $X per unit in 2021, rising by 7.5% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2019 when the average import price increased by 118%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Finland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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