Sweden: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Sweden

In 2021, the Swedish market for in-hand motor grinders, sanders and planers increased by 41% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Sweden

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 29% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2016 when exports increased by 45% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units), Denmark (X units) and Germany (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Sweden, with a combined 68% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +24.7%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Norway ($X) and Denmark ($X) were the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Sweden worldwide, together accounting for 71% of total exports. These countries were followed by Germany, Finland, the UK and Poland, which together accounted for a further 20%.

Among the main countries of destination, Germany, with a CAGR of +23.0%, recorded 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

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, picking up by 3.6% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth was the most pronounced in 2016 an increase of 45%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Poland ($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 Poland (+8.6%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Sweden

For the fourth consecutive year, Sweden recorded growth in supplies from abroad of in-hand motor grinders, sanders and planers, which increased by 30% to X units in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 38%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Sweden, with a combined 63% share of total imports. Estonia, Hungary, the Netherlands, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +74.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Belgium ($X) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Sweden, together accounting for 52% of total imports. These countries were followed by Estonia, the Netherlands, Hungary, Denmark and the Czech Republic, which together accounted for a further 28%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +53.3%, 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 import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, rising by 9.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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