Sweden: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Sweden

The Swedish stone polishing machine market surged to $X in 2022, jumping by 61% against the previous year. Over the period under review, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Stone Polishing Machine Production in Sweden

In value terms, stone polishing machine production soared to $X in 2022 estimated in export price. Overall, production saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 875% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Sweden

Stone polishing machine exports from Sweden contracted notably to X units in 2022, shrinking by -51.9% compared with the year before. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 2,222%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stone polishing machine exports shrank remarkably to $X in 2022. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main destinations of stone polishing machine exports from Sweden, together accounting for 30% of total exports. Norway, Japan, Spain, the United Arab Emirates, Denmark, South Korea, Italy, Finland, the Czech Republic and South Africa lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +80.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Germany ($X) constituted the largest markets for stone polishing machine exported from Sweden worldwide, together accounting for 29% of total exports. Norway, Japan, Spain, the United Arab Emirates, Denmark, Finland, South Korea, Italy, the Czech Republic and South Africa lagged somewhat behind, together comprising a further 46%.

Japan, with a CAGR of +81.0%, saw the highest rates of growth with regard to the value of exports, among 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 stone polishing machine export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of 1,535%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($X per unit) and Finland ($X per unit), while the average price for exports to Italy ($X per unit) and South Korea ($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 Denmark (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Polishing Machine Imports

Imports into Sweden

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into Sweden; falling by -58.9% against the previous year. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,714% against the previous year. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, stone polishing machine imports skyrocketed to $X in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 189%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), Bulgaria (X units) and China (X units) were the main suppliers of stone polishing machine imports to Sweden, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +90.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), China ($X) and Italy ($X) constituted the largest stone polishing machine suppliers to Sweden, with a combined 68% share of total imports. Austria, Poland, France, Germany, Denmark, the United States and Japan lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Austria, with a CAGR of +147.3%, saw 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

The average stone polishing machine import price stood at $X per unit in 2022, growing by 224% against the previous year. Overall, the import price, however, recorded a deep downturn. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+739.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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