Sweden: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Sweden

The Swedish machine-tool for working wood market soared to $X in 2021, jumping by 22% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Machine-Tools For Working Wood in Sweden

In value terms, machine-tool for working wood production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 84%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Sweden

In 2021, overseas shipments of machine-tools for working wood increased by 26% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working wood exports skyrocketed to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +125.9% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for machine-tool for working wood exports from Sweden, accounting for a 35% share of total exports. Moreover, machine-tool for working wood exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+26.7% per year) and Finland (+1.1% per year).

In value terms, Norway ($X) remains the key foreign market for machine-tools for working wood exports from Sweden, comprising 29% of total exports. The second position in the ranking was held by Denmark ($X), with a 9.9% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+27.8% per year) and France (+31.9% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Sweden

In 2021, approx. X tons of machine-tools for working wood were imported into Sweden; picking up by 22% compared with 2020. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports soared to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.5% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of machine-tool for working wood imports to Sweden, with a combined 73% share of total imports. These countries were followed by Norway, Denmark, Finland, Belgium, Estonia, the Netherlands and Austria, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood suppliers to Sweden were Italy ($X), Germany ($X) and China ($X), together comprising 66% of total imports. Finland, Denmark, the Netherlands, Norway, Estonia, Belgium and Austria lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, the Netherlands, with a CAGR of +42.6%, saw 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 working wood import price amounted to $X per ton, surging by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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