Sweden: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Sweden

The Swedish metal solid fuel appliances market contracted to $X in 2022, with a decrease of -11.4% against the previous year. Over the period under review, consumption, however, recorded a temperate expansion. Metal solid fuel appliances consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Sweden

In value terms, metal solid fuel appliances production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible increase. The growth pace was the most rapid in 2014 with an increase of 87%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Sweden

In 2022, exports of iron or steel solid fuel domestic appliances from Sweden rose remarkably to X units, growing by 12% against 2021. Overall, exports, however, showed a noticeable setback. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports rose markedly to $X in 2022. In general, exports, however, showed a noticeable shrinkage. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Germany (X units) and Finland (X units) were the main destinations of metal solid fuel appliances exports from Sweden, together accounting for 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +4.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal solid fuel appliances exported from Sweden were Germany ($X), Norway ($X) and France ($X), with a combined 71% share of total exports. The UK, Finland, Denmark and Poland lagged somewhat behind, together accounting for a further 21%.

Denmark, with a CAGR of +2.1%, saw the highest growth rate of the value of exports, among 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

The average metal solid fuel appliances export price stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average 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 Germany ($X per unit), while the average price for exports to Finland ($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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Sweden

In 2022, after two years of growth, there was significant decline in overseas purchases of iron or steel solid fuel domestic appliances, when their volume decreased by -15.7% to X units. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 107% against the previous year. As a result, imports reached the peak of X units, and then shrank markedly in the following year.

In value terms, metal solid fuel appliances imports reached $X in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal solid fuel appliances to Sweden, with a 62% share of total imports. Moreover, metal solid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.7% per year) and the Netherlands (+17.3% per year).

In value terms, the largest metal solid fuel appliances suppliers to Sweden were Norway ($X), China ($X) and Denmark ($X), with a combined 73% share of total imports. Finland, Lithuania, Germany and the Netherlands lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Lithuania, with a CAGR of +25.1%, saw the highest rates of growth with regard to 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

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, rising by 27% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The import price peaked at $X per unit in 2013; however, from 2014 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 Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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