Sweden: Engine Generator Market 2025

Engine Generator Market Size in Sweden

After two years of growth, the Swedish engine generator market decreased by -31.4% to $X in 2022. In general, consumption showed a deep contraction. Engine generator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Engine Generator Production in Sweden

In value terms, engine generator production surged to $X in 2022 estimated in export price. In general, production, however, recorded a sharp curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 144% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Engine Generator Exports

Exports from Sweden

In 2022, shipments abroad of generators for internal combustion engines increased by 16% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 23% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, engine generator exports fell to $X in 2022. Overall, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Norway (X units) and the United States (X units) were the main destinations of engine generator exports from Sweden, together accounting for 55% of total exports. Finland, Switzerland, Australia, Saudi Arabia, the UK, Germany, Denmark, China and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +84.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Norway ($X) and the United States ($X) constituted the largest markets for engine generator exported from Sweden worldwide, together accounting for 55% of total exports. Finland, Switzerland, Australia, Saudi Arabia, the UK, Germany, Denmark, China and the Netherlands lagged somewhat behind, together accounting for a further 32%.

Saudi Arabia, with a CAGR of +83.7%, saw the highest rates of growth with regard to 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

The average engine generator export price stood at $X per unit in 2022, declining by -16.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank notably in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and Saudi Arabia ($X per unit), while the average price for exports to China ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Sweden

In 2022, the amount of generators for internal combustion engines imported into Sweden reduced notably to X units, falling by -32% on the year before. Overall, imports saw a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of 19%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, engine generator imports declined to $X in 2022. In general, imports continue to indicate a slight slump. The pace of growth was the most pronounced in 2016 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), Germany (X units) and China (X units) were the main suppliers of engine generator imports to Sweden, together accounting for 54% of total imports. Thailand, Japan, Poland, Hungary, France, Belgium, the Netherlands, the United States, Denmark and Italy lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +122.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest engine generator suppliers to Sweden were Spain ($X), Germany ($X) and China ($X), together comprising 54% of total imports. Thailand, Japan, Poland, Hungary, France, Belgium, the Netherlands, the United States, Denmark and Italy lagged somewhat behind, together comprising a further 42%.

In terms of the main suppliers, Thailand, with a CAGR of +127.3%, recorded the highest rates of growth with regard to 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

In 2022, the average engine generator import price amounted to $X per unit, rising by 34% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Belgium ($X per unit), while the price for Denmark ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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