Sweden: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Sweden

The Swedish meat-preparation industrial machinery market reduced markedly to $X in 2022, with a decrease of -16.2% against the previous year. In general, consumption, however, posted a temperate expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Meat-Preparation Industrial Machinery Production in Sweden

In value terms, meat-preparation industrial machinery production fell dramatically to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34%. Meat-preparation industrial machinery production peaked at $X in 2021, and then reduced markedly in the following year.

Meat-Preparation Industrial Machinery Exports

Exports from Sweden

In 2022, meat-preparation industrial machinery exports from Sweden rose significantly to X units, growing by 5.7% against the previous year's figure. Overall, exports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 69%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports dropped dramatically to $X in 2022. In general, exports, however, showed a slight contraction. The growth pace was the most rapid in 2017 when exports increased by 77% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units), Poland (X units) and Italy (X units) were the main destinations of meat-preparation industrial machinery exports from Sweden, with a combined 46% share of total exports. Finland, the UK, Peru, the Netherlands, Latvia, Spain, Serbia, Thailand, Jamaica and Romania lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +61.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat-preparation industrial machinery exported from Sweden were Norway ($X), Poland ($X) and Italy ($X), with a combined 51% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +54.5%, 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

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, waning by -21.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Peru ($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 Italy (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Sweden

Meat-preparation industrial machinery imports into Sweden was estimated at less than X units in 2022, almost unchanged from the previous year. Overall, imports continue to indicate a sharp curtailment. The smallest decline of -20.9% was in 2017. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +41.4% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 96%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Germany (X units) and Denmark (X units) were the main suppliers of meat-preparation industrial machinery imports to Sweden, together comprising 77% of total imports. Italy, Norway, Poland, China and the United States lagged somewhat behind, together accounting for a further 16%.

From 2016 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +69.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) were the largest meat-preparation industrial machinery suppliers to Sweden, with a combined 78% share of total imports. Italy, Norway, Poland, China and the United States lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Norway, with a CAGR of +71.1%, 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

The average meat-preparation industrial machinery import price stood at $X per unit in 2017, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and the Netherlands ($X per unit), while the price for the United States ($X per unit) and China ($X per unit) were amongst the lowest.

From 2016 to 2017, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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