Sweden: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Sweden

The Swedish market for diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021, rising by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a slight increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Sweden

In 2021, exports of diesel or semi-diesel electric generating sets of output under X kVA from Sweden reduced markedly to X units, which is down by -26.2% against 2020 figures. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 247%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA dropped significantly to $X in 2021. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 262%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Sweden, with a 78% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Norway exceeded the volume sent to the second major destination, Denmark (X units), sevenfold. The third position in this ranking was held by Finland (X units), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+28.2% per year) and Finland (-7.7% per year).

In value terms, Norway ($X) remains the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Sweden, comprising 85% of total exports. The second position in the ranking was held by Denmark ($X), with a 2.7% share of total exports. It was followed by Finland, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+23.5% per year) and Finland (-9.9% per year).

Export Prices by Country

In 2021, the average export price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, surging by 13% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for diesel or semi-diesel electric generating sets of output under X kVA increased by +47.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Ghana ($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 Norway (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Sweden

In 2021, the amount of diesel or semi-diesel electric generating sets of output under X kVA imported into Sweden skyrocketed to X units, jumping by 59% on 2020 figures. Over the period under review, imports enjoyed a slight expansion. The pace of growth appeared the most rapid in 2016 with an increase of 87% against the previous year. Over the period under review, imports of attained the maximum at X units in 2013; afterwards, it flattened through to 2021.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA reached $X in 2021. Overall, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output under X kVA to Sweden, accounting for a 66% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Germany (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+66.1% per year) and Germany (-12.9% per year).

In value terms, Spain ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to Sweden, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and the UK (+7.9% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, shrinking by -36.9% against the previous year. Overall, the import price, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 86% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell rapidly in the following year.

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 Spain ($X per unit), while the price for the Netherlands ($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 (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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