Sweden: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Sweden

In 2021, after two years of decline, there was significant growth in the Swedish hydraulic automatic regulators market, when its value increased by 22% to $X. Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Hydraulic Automatic Regulators Production in Sweden

In value terms, hydraulic automatic regulators production reached $X in 2021 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 147% against the previous year. Hydraulic automatic regulators production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Hydraulic Automatic Regulators Exports

Exports from Sweden

In 2021, shipments abroad of hydraulic or pneumatic automatic regulating instruments increased by 25% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +127.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, hydraulic automatic regulators exports soared to $X in 2021. Overall, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X units) was the main destination for hydraulic automatic regulators exports from Sweden, accounting for a 28% share of total exports. Moreover, hydraulic automatic regulators exports to Denmark exceeded the volume sent to the second major destination, Norway (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+5.9% per year) and the Netherlands (+19.0% per year).

In value terms, the largest markets for hydraulic automatic regulators exported from Sweden were the UK ($X), Germany ($X) and Denmark ($X), with a combined 33% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +52.3%, saw the highest growth rate of 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

The average hydraulic automatic regulators export price stood at $X per unit in 2021, growing by 25% against the previous year. In general, the export price saw a prominent increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 64%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to Denmark ($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 Czech Republic (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Automatic Regulators Imports

Imports into Sweden

In 2021, the amount of hydraulic or pneumatic automatic regulating instruments imported into Sweden soared to X units, growing by 51% on 2020 figures. In general, imports, however, showed a deep setback. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hydraulic automatic regulators imports expanded significantly to $X in 2021. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 28%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest hydraulic automatic regulators supplier to Sweden, with a 53% share of total imports. Moreover, hydraulic automatic regulators imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by the UK (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and the UK (+21.3% per year).

In value terms, the largest hydraulic automatic regulators suppliers to Sweden were Germany ($X), France ($X) and Italy ($X), with a combined 77% share of total imports.

France, with a CAGR of +24.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic automatic regulators import price stood at $X per unit in 2021, dropping by -24.6% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydraulic automatic regulators import price decreased by -27.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 32%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Italy ($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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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