Sweden: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Sweden

The Swedish hydraulic cylinder and system market surged to $X in 2022, picking up by 3,701% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Hydraulic Cylinders And Systems in Sweden

In value terms, hydraulic cylinder and system production declined to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. Hydraulic cylinder and system production peaked at $X in 2021, and then fell in the following year.

Exports of Hydraulic Cylinders And Systems

Exports from Sweden

In 2022, shipments abroad of hydraulic cylinders and systems increased by 3.9% to X units, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hydraulic cylinder and system exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The Netherlands (X units), Germany (X units) and Finland (X units) were the main destinations of hydraulic cylinder and system exports from Sweden, with a combined 46% share of total exports. Denmark, Spain, Poland, the UK, the United States, Belgium, China, Romania and Norway lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic cylinder and system exported from Sweden were Germany ($X), the Netherlands ($X) and Finland ($X), with a combined 32% share of total exports. The United States, the UK, Poland, Spain, Denmark, China, Norway, Belgium and Romania lagged somewhat behind, together comprising a further 37%.

Romania, with a CAGR of +26.2%, recorded 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 2022, the average hydraulic cylinder and system export price amounted to $X per unit, which is down by -5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania (less than $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 UK (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Sweden

In 2022, overseas purchases of hydraulic cylinders and systems increased by 7.3% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +11.2% 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 +38.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 113% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hydraulic cylinder and system imports rose modestly to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 115%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest hydraulic cylinder and system supplier to Sweden, with a 56% share of total imports. Moreover, hydraulic cylinder and system imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+2.9% per year) and South Korea (+15.7% per year).

In value terms, Germany ($X) constituted the largest supplier of hydraulic cylinders and systems to Sweden, comprising 49% of total imports. The second position in the ranking was taken by Finland ($X), with a 15% share of total imports. It was followed by South Korea, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+1.8% per year) and South Korea (+8.9% per year).

Import Prices by Country

The average hydraulic cylinder and system import price stood at $X per unit in 2022, which is down by -4% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 5.3%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 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 Canada ($X per unit), while the price for South Korea (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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