Sweden: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Sweden

After two years of growth, the Swedish machine-tool for working metal market decreased by -33.4% to $X in 2021. Overall, consumption continues to indicate a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Sweden

In value terms, machine-tool for working metal production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed strong growth. The growth pace was the most rapid in 2017 when the production volume increased by 52% against the previous year. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Machine Tools For Working Metal

Exports from Sweden

In 2021, shipments abroad of machine tools for working metal increased by 52% to X units, rising for the second consecutive year after five years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 76% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, machine-tool for working metal exports surged to $X in 2021. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 89%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Norway (X units) were the main destinations of machine-tool for working metal exports from Sweden, together comprising 68% of total exports. Germany, Finland, Lithuania, India, Denmark and Poland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest markets for machine-tool for working metal exported from Sweden worldwide, with a combined 71% share of total exports. These countries were followed by Finland, India, Norway, Denmark, Lithuania and Poland, which together accounted for a further 18%.

Among the main countries of destination, Finland, with a CAGR of +26.6%, 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 working metal export price amounted to $X per unit, shrinking by -16.3% against the previous year. In general, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2013 an increase of 90%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Lithuania ($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 Finland (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Sweden

In 2021, approx. X units of machine tools for working metal were imported into Sweden; with an increase of 12% compared with the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 94%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for working metal imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 27%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of machine-tool for working metal imports to Sweden, with a combined 49% share of total imports. These countries were followed by South Korea, France, Turkey, Japan, Finland, the Netherlands, the UK, Taiwan (Chinese), Denmark and Norway, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +57.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Germany ($X) and Italy ($X) constituted the largest machine-tool for working metal suppliers to Sweden, together accounting for 50% of total imports.

South Korea, with a CAGR of +131.2%, saw the highest growth rate of the value of imports, among 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 working metal import price amounted to $X per unit, with an increase of 8.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 70%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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