Sweden: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Sweden

In 2021, the Swedish electrical circuit apparatus market increased by 137% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electrical Circuit Apparatus Production in Sweden

In value terms, electrical circuit apparatus production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Sweden

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported from Sweden contracted slightly to X tons, waning by -4.4% on 2020 figures. Over the period under review, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 4.5%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus exports reached $X in 2021. In general, exports recorded a noticeable curtailment. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of electrical circuit apparatus exports from Sweden, with a combined 37% share of total exports. The United States, Italy, Germany, Egypt, China, Brazil, Poland, Spain, India, Russia, Turkey, Canada, South Africa and Ukraine lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +25.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), together comprising 34% of total exports. These countries were followed by the United States, Germany, China, Italy, Poland, India, Brazil, Spain, Canada, Russia, Turkey, Egypt, South Africa and Ukraine, which together accounted for a further 36%.

Among the main countries of destination, Italy, with a CAGR of +11.7%, 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 electrical circuit apparatus export price amounted to $X per ton, jumping by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Sweden

In 2021, electrical circuit apparatus imports into Sweden soared to X tons, increasing by 22% compared with the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and China (X tons) were the main suppliers of electrical circuit apparatus imports to Sweden, with a combined 52% share of total imports. These countries were followed by Italy, Norway, the Netherlands, Poland, Denmark, Finland, Hungary, Turkey, the Czech Republic, South Korea, Belgium, the UK and Austria, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and China ($X) were the largest electrical circuit apparatus suppliers to Sweden, with a combined 53% share of total imports. The Netherlands, Denmark, Italy, Norway, Poland, South Korea, Finland, the Czech Republic, the UK, Belgium, Hungary, Austria and Turkey lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Turkey, with a CAGR of +25.3%, saw the highest rates of growth with regard to 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 electrical circuit apparatus import price amounted to $X per ton, rising by 7.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8.7% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) 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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