Sweden: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Sweden

The Swedish market for instrument panel and wall clocks plummeted to $X in 2020, which is down by -X% against the previous year. Overall, consumption recorded a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Instrument panel and wall clock consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Production of Instrument Panel And Wall Clocks in Sweden

In value terms, instrument panel and wall clock production declined markedly to $X in 2020 estimated in export prices. In general, production, however, showed a mild slump. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% year-to-year. Instrument panel and wall clock production peaked at $X in 2010; however, from 2011 to 2020, production failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Sweden

In 2020, overseas shipments of instrument panel and wall clocks increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports shrank to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Finland (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of instrument panel and wall clock exports from Sweden, with a combined X% share of total exports. Switzerland, Germany, Poland and India lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland, while exports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for instrument panel and wall clock exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-X% per year) and Denmark (-X% per year).

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2019, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Norway ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Sweden

In 2020, the amount of instrument panel and wall clocks imported into Sweden contracted to X tons, dropping by -X% on the previous year's figure. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports declined to $X in 2020. Over the period under review, imports saw a slight setback. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest instrument panel and wall clock supplier to Sweden, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was occupied by Denmark (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Denmark (-X% per year).

In value terms, China ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest instrument panel and wall clock suppliers to Sweden, together comprising X% of total imports. These countries were followed by Denmark, Estonia, Poland and Taiwan (Chinese), which together accounted for a further X the main suppliers, Poland 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 import price for instrument panel and wall clocks stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, import price indicated a measured increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock import price increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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