Sweden: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Sweden

In 2021, the Swedish market for forage harvesters and other harvesting machines was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption recorded a moderate expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Sweden

In 2021, the amount of forage harvesters and other harvesting machines exported from Sweden declined markedly to X units, which is down by -61.5% on 2020 figures. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year. As a result, the exports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, exports of forage harvesters and other harvesting machines dropped remarkably to $X in 2021. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 217% against the previous year. Over the period under review, the exports of hit record highs at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Lithuania (X units), Norway (X units) and Poland (X units) were the main destinations of exports of forage harvesters and other harvesting machines from Sweden, with a combined 51% share of total exports. Moreover, exports of forage harvesters and other harvesting machines in Lithuania exceeded the figures recorded by the second-largest exporter, Norway, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Sweden, comprising 23% of total exports. The second position in the ranking was held by Lithuania ($X), with an 11% share of total exports. It was followed by Finland, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+70.3% per year) and Finland (+36.3% per year).

Export Prices by Country

In 2021, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, declining by -6.2% against the previous year. Overall, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Jordan ($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 Norway (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Sweden

In 2021, purchases abroad of forage harvesters and other harvesting machines increased by 19% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a slight descent. The most prominent rate of growth was recorded in 2016 when imports increased by 86%. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Overall, imports enjoyed a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to Sweden, with a combined 69% share of total imports. These countries were followed by the United States, Denmark, the UK and Austria, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +33.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Sweden, comprising 54% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+32.3% per year) and the Netherlands (-6.3% per year).

Import Prices by Country

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, jumping by 55% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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