Sweden: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Sweden

The Swedish heat exchange unit market fell markedly to $X in 2022, which is down by -44.4% against the previous year. Overall, consumption saw a deep setback. Heat exchange unit consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Heat Exchange Unit Production in Sweden

In value terms, heat exchange unit production stood at $X in 2022 estimated in export price. Overall, production saw a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. Heat exchange unit production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Heat Exchange Unit Exports

Exports from Sweden

Heat exchange unit exports from Sweden expanded modestly to X units in 2022, surging by 2.8% against 2021 figures. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, heat exchange unit exports totaled $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 16%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units), Denmark (X units) and Italy (X units) were the main destinations of heat exchange unit exports from Sweden, together comprising 39% of total exports. These countries were followed by France, Poland, Austria, Finland, the United States, Norway, the UK, the Netherlands, Spain and Belgium, which together accounted for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for heat exchange units exports from Sweden, comprising 18% of total exports. The second position in the ranking was held by Italy ($X), with an 8.6% share of total exports. It was followed by Denmark, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.4% per year) and Denmark (+7.5% per year).

Export Prices by Country

The average heat exchange unit export price stood at $X per unit in 2022, rising by 2.7% against the previous year. Over the period under review, the export price, however, saw a mild descent. The pace of growth was the most pronounced in 2021 an increase of 7.8%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Sweden

For the third consecutive year, Sweden recorded growth in overseas purchases of heat exchange units, which increased by 6.3% to X units in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2014 indices. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, heat exchange unit imports reached $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and Denmark (X units) were the main suppliers of heat exchange unit imports to Sweden, with a combined 39% share of total imports. Serbia, the United States, the Czech Republic, the United Arab Emirates, Turkey, France, Slovakia, Poland, Estonia and China lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +145.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Denmark ($X) and Germany ($X) appeared to be the largest heat exchange unit suppliers to Sweden, with a combined 37% share of total imports. These countries were followed by the United States, Serbia, France, the United Arab Emirates, the Czech Republic, Slovakia, Turkey, Poland, China and Estonia, which together accounted for a further 47%.

Among the main suppliers, Serbia, with a CAGR of +144.7%, saw the highest growth rate of 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 heat exchange unit import price amounted to $X per unit, surging by 2.4% against the previous year. In general, the import price recorded a modest increase. The pace of growth was the most pronounced in 2021 an increase of 18%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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