Sweden: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Sweden

For the fourth consecutive year, the Swedish metal gas appliances market recorded growth in sales value, which increased by 32% to $X in 2022. Overall, consumption recorded prominent growth. Metal gas appliances consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Metal Gas Appliances Exports

Exports from Sweden

For the third consecutive year, Sweden recorded growth in shipments abroad of iron or steel gas domestic appliances, which increased by 81% to X units in 2022. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 136% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal gas appliances exports soared to $X in 2022. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 73%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Norway (X units), Poland (X units) and Finland (X units) were the main destinations of metal gas appliances exports from Sweden, together comprising 86% of total exports. The United States, China and Denmark lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +143.0%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for iron or steel gas domestic appliances exports from Sweden, comprising 52% of total exports. The second position in the ranking was held by Poland ($X), with a 20% share of total exports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+53.4% per year) and Finland (+4.6% per year).

Export Prices by Country

In 2022, the average metal gas appliances export price amounted to $X per unit, dropping by -13.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Poland ($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 Denmark (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Gas Appliances Imports

Imports into Sweden

Metal gas appliances imports into Sweden soared to X units in 2022, with an increase of 42% compared with the year before. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 99.9% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal gas appliances imports soared to $X in 2022. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 145% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Denmark (X units) were the main suppliers of metal gas appliances imports to Sweden, together comprising 74% of total imports. The Netherlands, Italy, Ireland, Norway and Finland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +130.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Sweden, comprising 37% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.4% per year) and Italy (+111.3% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, dropping by -9.6% against the previous year. Overall, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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