Sweden: Lifting Equipment Market 2024

Lifting Equipment Market Size in Sweden

The Swedish lifting equipment market skyrocketed to $X in 2021, increasing by 199% against the previous year. Over the period under review, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lifting Equipment Production in Sweden

In value terms, lifting equipment production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 620%. Lifting equipment production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lifting Equipment Exports

Exports from Sweden

In 2021, shipments abroad of lifting equipment increased by 8.5% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a pronounced expansion. The pace of growth was the most pronounced in 2017 with an increase of 105% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lifting equipment exports fell sharply to $X in 2021. In general, exports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 43%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X units), Finland (X units) and Germany (X units) were the main destinations of lifting equipment exports from Sweden, with a combined 48% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +73.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for lifting equipment exports from Sweden, comprising 21% of total exports. The second position in the ranking was held by Norway ($X), with a 9.9% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Finland stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-11.1% per year) and Germany (-6.8% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, with a decrease of -24.2% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 an increase of 37% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Peru ($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 Canada (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Sweden

In 2021, overseas purchases of lifting equipment increased by 654% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lifting equipment imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest lifting equipment supplier to Sweden, with a 72% share of total imports. Moreover, lifting equipment imports from Japan exceeded the figures recorded by the second-largest supplier, Finland (X units), sixfold. The Netherlands (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +140.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+62.4% per year) and the Netherlands (+43.6% per year).

In value terms, Japan ($X) constituted the largest supplier of lifting equipment to Sweden, comprising 67% of total imports. The second position in the ranking was taken by Finland ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +149.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+57.5% per year) and Germany (+40.1% per year).

Import Prices by Country

In 2021, the average lifting equipment import price amounted to $X per unit, with a decrease of -48.4% against the previous year. Over the period under review, the import price showed a mild downturn. The growth pace was the most rapid in 2014 an increase of 210%. The import price peaked at $X per unit in 2020, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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