Sweden: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Sweden

The Swedish machine tool for metal market rose markedly to $X in 2021, picking up by 5.4% against the previous year. Over the period under review, consumption, however, saw a strong increase. Machine tool for metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Sweden

In value terms, machine tool for metal production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Sweden

In 2021, overseas shipments of machine tools for working metal without removing metal increased by 41% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 167% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports amounted to $X in 2021. In general, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for machine tool for metal exports from Sweden, accounting for a 41% share of total exports. Moreover, machine tool for metal exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X units), twofold. Germany (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.4% per year) and Germany (-20.8% per year).

In value terms, Taiwan (Chinese) ($X), the United States ($X) and China ($X) were the largest markets for machine tool for metal exported from Sweden worldwide, with a combined 65% share of total exports. Germany, the UK, Thailand, Canada, Norway and India lagged somewhat behind, together accounting for a further 21%.

The UK, with a CAGR of +121.5%, recorded the highest rates of growth with regard to 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 machine tool for metal export price stood at $X per unit in 2021, shrinking by -28.5% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 1,022% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Norway ($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 Germany (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Sweden

In 2021, purchases abroad of machine tools for working metal without removing metal increased by 26% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 210%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports soared to $X in 2021. Over the period under review, imports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 151%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Romania (X units), the UK (X units) and Italy (X units) were the main suppliers of machine tool for metal imports to Sweden, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tool for metal suppliers to Sweden were Romania ($X), the UK ($X) and Germany ($X), together comprising 69% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +82.7%, recorded the highest growth rate of 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 2021, the average machine tool for metal import price amounted to $X per unit, increasing by 53% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. 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, the country with the highest price was Germany ($X per unit), while the price for the United States ($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 UK (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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