Sweden: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Sweden

The Swedish tobacco making machinery market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption recorded a strong increase. Tobacco making machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Sweden

In 2022, after two years of growth, there was significant decline in overseas shipments of machinery for the preparation or making up of tobacco, when their volume decreased by -94.8% to X units. Overall, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2017 when exports increased by 12,467%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, tobacco making machinery exports dropped remarkably to $X in 2022. Over the period under review, exports showed a significant decline. The pace of growth was the most pronounced in 2017 with an increase of 15,104%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for tobacco making machinery exports from Sweden, accounting for a 79% share of total exports. Moreover, tobacco making machinery exports to Norway exceeded the volume sent to the second major destination, Switzerland (X units), eightfold. Finland (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Finland (0.0% per year).

In value terms, Norway ($X) remains the key foreign market for machinery for the preparation or making up of tobacco exports from Sweden, comprising 89% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 4.1% share of total exports. It was followed by Finland, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Finland (+34.1% per year).

Export Prices by Country

The average tobacco making machinery export price stood at $X per unit in 2022, waning by -25.7% against the previous year. Overall, the export price, however, showed a mild expansion. The most prominent rate of growth was recorded in 2020 an increase of 319%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Sweden

In 2022, after two years of decline, there was significant growth in overseas purchases of machinery for the preparation or making up of tobacco, when their volume increased by 1,254% to X units. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tobacco making machinery imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 2,580%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Norway (X units) constituted the largest supplier of tobacco making machinery to Sweden, accounting for a 88% share of total imports. Moreover, tobacco making machinery imports from Norway exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and Italy (-26.4% per year).

In value terms, Norway ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Sweden, comprising 94% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.1% share of total imports. It was followed by Turkey, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-24.3% per year) and Turkey (+82.3% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, rising by 51% against the previous year. In general, the import price, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 when the average import price increased by 504%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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