Sweden: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Sweden

The Swedish market for electrical lighting or visual signaling equipment for motor vehicles and cycles shrank to $X in 2022, dropping by X% against the previous year. Overall, consumption showed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Sweden

In value terms, lighting equipment for motor vehicles production fell slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Sweden

In 2022, after five years of growth, there was significant decline in shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles, when their volume decreased by X% to X units. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, lighting equipment for motor vehicles exports declined to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Norway (X units), Finland (X units) and China (X units) were the main destinations of lighting equipment for motor vehicles exports from Sweden, with a combined X% share of total exports. Germany, the UK, the United States, Denmark, France, Belgium, Italy, Switzerland, Poland and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lighting equipment for motor vehicles exported from Sweden were Norway ($X), Finland ($X) and China ($X), together comprising X% of total exports. Germany, the UK, the United States, Denmark, France, Belgium, Italy, Switzerland, Poland and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, saw the highest growth rate of 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 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, surging by X% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles export price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per unit) and Russia ($X per unit), while the average price for exports to Finland ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Sweden

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were imported into Sweden; surging by X% against 2021. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lighting equipment for motor vehicles imports contracted to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Slovakia (X units) and Germany (X units) were the main suppliers of lighting equipment for motor vehicles imports to Sweden, with a combined X% share of total imports. China, Poland, Finland, Taiwan (Chinese), Austria, South Korea, Slovenia, Belgium and Romania lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Slovakia ($X) and Germany ($X) appeared to be the largest lighting equipment for motor vehicles suppliers to Sweden, together comprising X% of total imports. China, Poland, Taiwan (Chinese), Austria, Finland, Slovenia, South Korea, Belgium and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Slovenia, with a CAGR of X%, 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 2022, the average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, which is down by X% against the previous year. In general, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per unit) and South Korea ($X per unit), while the price for Finland ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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