Sweden: Interchangeable Tool Market 2025

Interchangeable Tool Market Size in Sweden

The Swedish interchangeable tool market dropped significantly to $X in 2021, waning by -46.3% against the previous year. Over the period under review, consumption continues to indicate a deep slump. Interchangeable tool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Interchangeable Tool Production in Sweden

In value terms, interchangeable tool production declined notably to $X in 2021 estimated in export price. In general, production showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Interchangeable Tool Exports

Exports from Sweden

In 2021, interchangeable tool exports from Sweden expanded remarkably to X tons, rising by 14% on the previous year. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 47%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, interchangeable tool exports surged to $X in 2021. Over the period under review, exports, however, showed a noticeable contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Australia (X tons) and the United States (X tons) were the main destinations of interchangeable tool exports from Sweden, together accounting for 35% of total exports. South Africa, China, Canada, Germany, Denmark, Finland, Russia, Brazil, Ghana and Chile lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +13.8%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Africa ($X) and Norway ($X) appeared to be the largest markets for interchangeable tool exported from Sweden worldwide, with a combined 32% share of total exports. The United States, Canada, China, Finland, Germany, Denmark, Russia, Brazil, Chile and Ghana lagged somewhat behind, together accounting for a further 38%.

Brazil, with a CAGR of +9.0%, recorded the highest growth rate of 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 2021, the average interchangeable tool export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 6.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-0.9%), while the prices for the other major destinations experienced a decline.

Interchangeable Tool Imports

Imports into Sweden

In 2021, supplies from abroad of interchangeable tools for hand tools increased by 32% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, interchangeable tool imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of interchangeable tool imports to Sweden, together comprising 40% of total imports. These countries were followed by Austria, Poland, Belgium, the Netherlands, Finland, Denmark, Norway, Taiwan (Chinese), Italy and India, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of interchangeable tools for hand tools to Sweden, comprising 26% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.6% per year) and the Netherlands (-2.0% per year).

Import Prices by Country

In 2021, the average interchangeable tool import price amounted to $X per ton, waning by -4.2% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :