Sweden: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in Sweden

The Swedish gas supply meter market expanded sharply to $X in 2021, surging by 13% against the previous year. In general, consumption continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Gas Supply Meter Production in Sweden

In value terms, gas supply meter production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent increase. The growth pace was the most rapid in 2016 when the production volume increased by 156% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Gas Supply Meter Exports

Exports from Sweden

After two years of growth, shipments abroad of gas supply or production meters decreased by -8.8% to X units in 2021. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 133%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, gas supply meter exports declined to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

The Netherlands (X units) was the main destination for gas supply meter exports from Sweden, accounting for a 29% share of total exports. Moreover, gas supply meter exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X units), twofold. China (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+24.5% per year) and China (+75.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for gas supply or production meters exports from Sweden, comprising 26% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Germany, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+37.7% per year) and Germany (+2.9% per year).

Export Prices by Country

In 2021, the average gas supply meter export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 138%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to China ($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 Hong Kong SAR (+57.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into Sweden

In 2021, supplies from abroad of gas supply or production meters decreased by -20.2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 252%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, gas supply meter imports amounted to $X in 2021. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 119%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest gas supply meter supplier to Sweden, accounting for a 68% share of total imports. Moreover, gas supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+20.5% per year) and the United States (+2.1% per year).

In value terms, Germany ($X) constituted the largest supplier of gas supply or production meters to Sweden, comprising 78% of total imports. The second position in the ranking was taken by Norway ($X), with a 12% share of total imports. It was followed by Japan, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+15.1% per year) and Japan (-9.3% per year).

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, rising by 42% against the previous year. Overall, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2016 an increase of 191% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+25.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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