Sweden: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Sweden

The Swedish market for electric burglar or fire alarms and similar apparatus surged to $X in 2021, growing by 43% against the previous year. In general, consumption showed a perceptible expansion. Electric burglar or fire alarm consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in Sweden

In value terms, electric burglar or fire alarm production shrank to $X in 2021 estimated in export price. In general, production recorded resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 69% against the previous year. Electric burglar or fire alarm production peaked at $X in 2020, and then declined slightly in the following year.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Sweden

Electric burglar or fire alarm exports from Sweden reduced slightly to X units in 2021, with a decrease of -2.1% on the previous year. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.8% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm exports reduced slightly to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 19%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for electric burglar or fire alarm exports from Sweden, with a 36% share of total exports. Moreover, electric burglar or fire alarm exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), threefold. Belgium (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.2% per year) and Belgium (+8.5% per year).

In value terms, the largest markets for electric burglar or fire alarm exported from Sweden were Norway ($X), Denmark ($X) and Belgium ($X), with a combined 53% share of total exports. These countries were followed by the Netherlands, Germany, Finland, China and South Korea, which together accounted for a further 33%.

Among the main countries of destination, the Netherlands, with a CAGR of +19.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, surging by 2% against the previous year. Over the period under review, the export price, however, saw a mild decline. The pace of growth appeared the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Norway ($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 (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Sweden

In 2021, approx. X units of electric burglar or fire alarms and similar apparatus were imported into Sweden; picking up by 14% compared with the year before. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 27%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, electric burglar or fire alarm imports surged to $X in 2021. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 47% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hungary (X units) and the Netherlands (X units) were the main suppliers of electric burglar or fire alarm imports to Sweden, with a combined 50% share of total imports. Finland, Germany, Japan, Israel, the UK, Vietnam, Romania, Denmark, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +679.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric burglar or fire alarm suppliers to Sweden were Hungary ($X), Israel ($X) and the Netherlands ($X), with a combined 41% share of total imports. These countries were followed by Finland, Japan, Germany, China, Vietnam, the UK, Romania, Taiwan (Chinese), France and Denmark, which together accounted for a further 49%.

Vietnam, with a CAGR of +598.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, growing by 2% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric burglar or fire alarm import price increased by +44.1% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while the price for China ($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 Netherlands (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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