Sweden: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Sweden

For the fourth consecutive year, the Swedish geometrical quantities electronic measurer market recorded decline in sales value, which decreased by -19.1% to $X in 2022. Overall, consumption, however, recorded a tangible increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Sweden

In value terms, geometrical quantities electronic measurer production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3.9% against the previous year. Geometrical quantities electronic measurer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Sweden

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities increased by 9.1% to X units, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, geometrical quantities electronic measurer exports rose significantly to $X in 2022. Overall, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +60.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Norway (X units) and Denmark (X units) were the main destinations of geometrical quantities electronic measurer exports from Sweden, together accounting for 42% of total exports. China, India, Germany, Finland, the UK, Belgium, South Korea, Italy, France and Japan lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +10.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for geometrical quantities electronic measurer exported from Sweden were the United States ($X), China ($X) and Germany ($X), with a combined 35% share of total exports. Belgium, Norway, Denmark, Finland, India, Japan, the UK, South Korea, France and Italy lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, the UK, with a CAGR of +10.5%, recorded 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

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 20%. The export price peaked at $X per unit in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Norway ($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 Belgium (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Sweden

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities imported into Sweden reduced to X units, waning by -1.6% on the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 41%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports shrank to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.3% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 26%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Germany (X units), Austria (X units) and China (X units) were the main suppliers of geometrical quantities electronic measurer imports to Sweden, together comprising 41% of total imports. The Netherlands, Italy, the United States, Denmark, Belgium, South Korea, Japan, the UK, Israel and Finland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +16.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) constituted the largest geometrical quantities electronic measurer suppliers to Sweden, together comprising 50% of total imports. The UK, China, Austria, Denmark, South Korea, Italy, Japan, Belgium, Israel and Finland lagged somewhat behind, together accounting for a further 31%.

Austria, with a CAGR of +21.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, dropping by -7.7% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer import price decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 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 the UK ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :