Sweden: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Sweden

The Swedish metal honing machine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption enjoyed strong growth. Metal honing machine consumption peaked in 2021 and is likely to continue growth in years to come.

Metal Honing Machine Production in Sweden

In value terms, metal honing machine production expanded slightly to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 19% against the previous year. Metal honing machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports from Sweden

In 2021, the amount of honing or lapping machines for working metal exported from Sweden contracted sharply to X units, dropping by -43.7% on the previous year's figure. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal honing machine exports rose rapidly to $X in 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for metal honing machine exports from Sweden, with a 55% share of total exports. Moreover, metal honing machine exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), fivefold. Ecuador (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.4% per year) and Ecuador (+12.2% per year).

In value terms, the Netherlands ($X), the United States ($X) and Singapore ($X) constituted the largest markets for metal honing machine exported from Sweden worldwide, together accounting for 51% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +7.4%, recorded the highest rates of growth with regard to the value of exports, 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 metal honing machine export price amounted to $X per unit, jumping by 99% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Guyana ($X per unit), while the average price for exports to Finland ($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 the United Arab Emirates (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into Sweden

In 2021, purchases abroad of honing or lapping machines for working metal was finally on the rise to reach X units after two years of decline. Over the period under review, imports recorded a prominent increase. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, metal honing machine imports shrank rapidly to $X in 2021. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 35%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X units) constituted the largest supplier of metal honing machine to Sweden, with a 48% share of total imports. Moreover, metal honing machine imports from Canada exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Denmark (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +82.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+56.5% per year) and Denmark (+4.6% per year).

In value terms, Italy ($X), Japan ($X) and the United States ($X) constituted the largest metal honing machine suppliers to Sweden, together comprising 63% of total imports. These countries were followed by Denmark, the Netherlands, Germany, China, Canada, Taiwan (Chinese) and the UK, which together accounted for a further 34%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +125.5%, recorded 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

The average metal honing machine import price stood at $X per unit in 2021, reducing by -84.7% against the previous year. Over the period under review, the import price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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