Sweden: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Sweden

The Swedish machine-tool for removing material market surged to $X in 2021, jumping by 38% against the previous year. In general, consumption, however, recorded a abrupt descent. Machine-tool for removing material consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Any Material By Removal Of Material in Sweden

In value terms, machine-tool for removing material production expanded notably to $X in 2021 estimated in export price. Over the period under review, production faced a drastic downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Sweden

Machine-tool for removing material exports from Sweden soared to X units in 2021, increasing by 31% against 2020. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 87%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports reduced to $X in 2021. Over the period under review, exports continue to indicate slight growth. The pace of growth was the most pronounced in 2014 when exports increased by 92%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for machine-tool for removing material exports from Sweden, with a 48% share of total exports. Moreover, machine-tool for removing material exports to the United States exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. The third position in this ranking was held by the Czech Republic (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+73.7% per year) and the Czech Republic (+134.7% per year).

In value terms, the United States ($X), Norway ($X) and India ($X) appeared to be the largest markets for machine-tool for removing material exported from Sweden worldwide, with a combined 31% share of total exports. These countries were followed by the Czech Republic, South Africa, Bosnia and Herzegovina, Spain, Portugal, Denmark, China and Finland, which together accounted for a further 22%.

Among the main countries of destination, the Czech Republic, with a CAGR of +196.3%, recorded the highest rates of growth with regard to 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 2021, the average machine-tool for removing material export price amounted to $X per unit, with a decrease of -29.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 203%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to China ($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 South Africa (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Sweden

In 2021, supplies from abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, machine-tool for removing material imports rose markedly to $X in 2021. In general, imports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 when imports increased by 66%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Sweden, with a 70% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.7% per year) and Germany (-11.8% per year).

In value terms, the largest machine-tool for removing material suppliers to Sweden were Germany ($X), Italy ($X) and China ($X), together comprising 58% of total imports.

China, with a CAGR of +36.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, waning by -30.6% against the previous year. In general, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 25% against the previous year. The import price peaked at $X per unit 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, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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