Sweden: Electric Hair Dryer Market 2024

Electric Hair Dryer Market Size in Sweden

The Swedish electric hair dryer market surged to $X in 2021, picking up by 29% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value 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. Electric hair dryer consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electric Hair Dryer Production in Sweden

In value terms, electric hair dryer production rose sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 89% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Electric Hair Dryer Exports

Exports from Sweden

In 2021, after two years of growth, there was decline in overseas shipments of electric hair dryers, when their volume decreased by -2.7% to X units. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, electric hair dryer exports rose sharply to $X in 2021. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 39%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X units) was the main destination for electric hair dryer exports from Sweden, accounting for a 56% share of total exports. Moreover, electric hair dryer exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), twofold. Finland (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-0.7% per year) and Finland (-7.0% per year).

In value terms, Norway ($X), Denmark ($X) and Finland ($X) were the largest markets for electric hair dryer exported from Sweden worldwide, with a combined 93% share of total exports. Poland lagged somewhat behind, accounting for a further 0.9%.

In terms of the main countries of destination, Poland, with a CAGR of +12.2%, saw 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

In 2021, the average electric hair dryer export price amounted to $X per unit, growing by 12% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric hair dryer export price increased by +73.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per unit), while the average price for exports to Poland ($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 Finland (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Hair Dryer Imports

Imports into Sweden

In 2021, the amount of electric hair dryers imported into Sweden rose sharply to X units, growing by 13% compared with the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, electric hair dryer imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +109.5% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of electric hair dryer imports to Sweden, together comprising 89% of total imports. The Netherlands, Italy, Denmark and Hong Kong SAR lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +55.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) constituted the largest electric hair dryer suppliers to Sweden, together accounting for 83% of total imports. Italy, the Netherlands, Denmark and Hong Kong SAR lagged somewhat behind, together accounting for a further 8.8%.

Among the main suppliers, the Netherlands, with a CAGR of +57.7%, recorded the highest growth rate of 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

In 2021, the average electric hair dryer import price amounted to $X per unit, with an increase of 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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