Sweden: Spacecraft Market 2024

Spacecraft Market Size in Sweden

In 2022, after three years of growth, there was significant decline in the Swedish spacecraft market, when its value decreased by -60.6% to $X. In general, consumption enjoyed a moderate expansion. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Spacecraft Production in Sweden

In value terms, spacecraft production soared to $X in 2022 estimated in export price. In general, production posted a prominent increase. Spacecraft production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Spacecraft Exports

Exports from Sweden

Spacecraft exports from Sweden surged to X units in 2022, jumping by 516% compared with the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,667%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, spacecraft exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 10,068% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for spacecraft exports from Sweden, accounting for a 41% share of total exports. Moreover, spacecraft exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. Indonesia (X units) ranked third in terms of total exports with a 10% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United States stood at +112.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+294.4% per year) and Indonesia (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for civil spacecraft, satellites and launch vehicles exports from Sweden, comprising 30% of total exports. The second position in the ranking was held by the United States ($X), with a 5.2% share of total exports. It was followed by the Netherlands, with a 2.3% share.

From 2013 to 2022, the average annual growth rate of value to the UK stood at +576.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+143.8% per year) and the Netherlands (+22.9% per year).

Export Prices by Country

The average spacecraft export price stood at $X per unit in 2022, surging by 108% against the previous year. Overall, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 10,068% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2,146.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spacecraft Imports

Imports into Sweden

In 2022, approx. X units of civil spacecraft, satellites and launch vehicles were imported into Sweden; jumping by 4,165% on 2021. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft imports shrank notably to $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 6,904% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, Iraq (X units) was the main supplier of spacecraft to Sweden, with a 99% share of total imports. It was followed by the United States (X units), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Iraq was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to Sweden, comprising 1.3% of total imports. The second position in the ranking was taken by Iraq ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -22.7%.

Import Prices by Country

In 2022, the average spacecraft import price amounted to $X per unit, which is down by -98.8% against the previous year. Over the period under review, the import price continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 2,459%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat 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 the United States ($X per unit), while the price for Iraq stood at less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-7.6%).

Source: IndexBox Platform

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