Sweden: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Sweden

After two years of decline, the Swedish electronic material tester market increased by 29% to $X in 2021. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electronic material tester consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Electronic Material Tester Production in Sweden

In value terms, electronic material tester production rose rapidly to $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.6% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 93% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Electronic Material Tester Exports

Exports from Sweden

In 2021, the amount of electronic machines and appliances for testing materials exported from Sweden surged to X units, rising by 27% compared with the previous year's figure. In general, exports, however, showed a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 152%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electronic material tester exports surged to $X in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 61%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electronic material tester exports from Sweden, accounting for a 27% share of total exports. Moreover, electronic material tester exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Norway (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.3% per year) and Norway (+3.4% per year).

In value terms, the United States ($X) remains the key foreign market for electronic machines and appliances for testing materials exports from Sweden, comprising 38% of total exports. The second position in the ranking was held by China ($X), with a 6.3% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.6% per year) and Germany (-6.1% per year).

Export Prices by Country

In 2021, the average electronic material tester export price amounted to $X per unit, remaining constant against the previous year. In general, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 137%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Norway ($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 Germany (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Sweden

Electronic material tester imports into Sweden surged to X units in 2021, rising by 62% against the previous year's figure. In general, imports, however, recorded a perceptible downturn. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electronic material tester imports surged to $X in 2021. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 78%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of electronic material tester to Sweden, with a 67% share of total imports. Moreover, electronic material tester imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. China (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.6% per year) and China (-21.6% per year).

In value terms, Italy ($X), Slovenia ($X) and Germany ($X) appeared to be the largest electronic material tester suppliers to Sweden, together comprising 60% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +138.8%, 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 electronic material tester import price stood at $X per unit in 2021, with an increase of 6.6% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +12.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic material tester import price decreased by -12.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 205% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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