Sweden: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Sweden

The Swedish fuel or lubricating pump market rose markedly to $X in 2021, picking up by 9.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw resilient growth. Fuel or lubricating pump consumption peaked in 2021 and is likely to continue growth in years to come.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Sweden

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 68% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for fuel or lubricating pump exports from Sweden, accounting for a 20% share of total exports. Moreover, fuel or lubricating pump exports to the United States exceeded the volume sent to the second major destination, Finland (X units), threefold. The third position in this ranking was taken by China (X units), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+6.7% per year) and China (+23.7% per year).

In value terms, Norway ($X), Finland ($X) and the United States ($X) appeared to be the largest markets for fuel or lubricating pump exported from Sweden worldwide, together accounting for 31% of total exports. China, Belgium, the UK, Germany, Russia, Denmark, France, Italy, Brazil and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

China, with a CAGR of +6.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 fuel or lubricating pump export price amounted to $X per unit, falling by -22.3% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 1.5%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Sweden

In 2021, imports of fuel, lubricating or cooling-medium pumps for internal combustion engines into Sweden surged to X units, with an increase of 17% compared with the year before. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 74% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, fuel or lubricating pump imports stood at $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 28% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), France (X units) and Italy (X units) were the main suppliers of fuel or lubricating pump imports to Sweden, together comprising 70% of total imports. These countries were followed by Belgium, the Czech Republic, Hungary, Brazil and Romania, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +81.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump suppliers to Sweden were Germany ($X), France ($X) and Belgium ($X), together accounting for 67% of total imports. Italy, Brazil, Hungary, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 20%.

Brazil, with a CAGR of +65.3%, 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 2021, the average fuel or lubricating pump import price amounted to $X per unit, falling by -11.3% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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