Sweden: Concrete Pump Market 2024

Concrete Pump Market Size in Sweden

The Swedish concrete pump market soared to $X in 2021, growing by 17% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.1% against 2019 indices. Concrete pump consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Concrete Pump Production in Sweden

In value terms, concrete pump production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable downturn. The growth pace was the most rapid in 2019 when the production volume increased by 5.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Concrete Pump Exports

Exports from Sweden

In 2021, overseas shipments of concrete pumps increased by 17% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concrete pump exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 45%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for concrete pump exports from Sweden, accounting for a 51% share of total exports. Moreover, concrete pump exports to Norway exceeded the volume sent to the second major destination, Finland (X units), sixfold. The third position in this ranking was held by Bolivia (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway stood at -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+26.8% per year) and Bolivia (0.0% per year).

In value terms, Norway ($X) remains the key foreign market for concrete pumps exports from Sweden, comprising 76% of total exports. The second position in the ranking was taken by Russia ($X), with a 4.6% share of total exports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-5.6% per year) and the United States (+7.9% per year).

Export Prices by Country

In 2021, the average concrete pump export price amounted to $X per unit, with an increase of 17% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 119%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to North Macedonia ($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 the Netherlands (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Pump Imports

Imports into Sweden

In 2021, imports of concrete pumps into Sweden soared to X units, jumping by 217% against the year before. Over the period under review, imports enjoyed a buoyant expansion. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, concrete pump imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X units), Hungary (X units) and Denmark (X units) were the main suppliers of concrete pump imports to Sweden, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +100.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of concrete pumps to Sweden, comprising 64% of total imports. The second position in the ranking was taken by South Korea ($X), with a 25% share of total imports. It was followed by Denmark, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway totaled +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.8% per year) and Denmark (-6.0% per year).

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, dropping by -10.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 174% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained 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 South Korea ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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