Sweden: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish electric oven and cooker market, when its value decreased by -22.8% to $X. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.5% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Sweden

In value terms, electric oven and cooker production totaled $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 2%. Electric oven and cooker production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Sweden

After two years of growth, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -10.8% to X units in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, electric oven and cooker exports declined to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Norway (X units) was the main destination for electric oven and cooker exports from Sweden, accounting for a 47% share of total exports. Moreover, electric oven and cooker exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), twofold. The third position in this ranking was taken by Finland (X units), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+3.5% per year) and Finland (+6.0% per year).

In value terms, Norway ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Sweden, comprising 53% of total exports. The second position in the ranking was held by Denmark ($X), with a 22% share of total exports. It was followed by Finland, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+3.2% per year) and Finland (+7.9% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Sweden

After two years of growth, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -22.5% to X units in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, electric oven and cooker imports contracted to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.2% against 2013 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of electric oven and cooker imports to Sweden, together comprising 49% of total imports. The Netherlands, Italy, Romania, Spain, Turkey, Denmark and Slovenia lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +143.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Spain ($X) were the largest electric oven and cooker suppliers to Sweden, together comprising 55% of total imports. Italy, Denmark, Turkey, the Netherlands, China, Romania and Slovenia lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Slovenia, with a CAGR of +127.4%, saw 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

The average electric oven and cooker import price stood at $X per unit in 2022, picking up by 13% against the previous year. In general, the import price, however, saw a slight slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :