Sweden: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Sweden

In 2021, the Swedish market for grinding, sanding and polishing machines decreased by -15.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Sweden

For the fourth consecutive year, Sweden recorded decline in overseas shipments of grinding, sanding and polishing machines, which decreased by -13.9% to X units in 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 64%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 37%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X units), Norway (X units) and the UK (X units) were the main destinations of grinding, sanding and polishing machine exports from Sweden, together accounting for 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +53.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X), Poland ($X) and the United States ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Sweden worldwide, together accounting for 71% of total exports. These countries were followed by Finland, Denmark, the UK and Germany, which together accounted for a further 18%.

The UK, with a CAGR of +33.7%, 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

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, growing by 37% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 86% against the previous year. 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 by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 Finland (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Sweden

In 2021, purchases abroad of grinding, sanding and polishing machines decreased by -32.4% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 52%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. In general, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Sweden, accounting for a 85% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.8% per year) and Germany (-1.8% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Sweden were Germany ($X), China ($X) and Denmark ($X), with a combined 76% share of total imports.

Denmark, with a CAGR of +9.5%, 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 mixed trend patterns.

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, rising by 75% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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