Sweden: Grinding Machine Market 2024

Grinding Machine Market Size in Sweden

The Swedish grinding machine market surged to $X in 2021, picking up by 15% against the previous year. Overall, consumption recorded a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Grinding Machine Production in Sweden

In value terms, grinding machine production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of 14%. Grinding machine production peaked in 2021 and is expected to retain growth in years to come.

Grinding Machine Exports

Exports from Sweden

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported from Sweden surged to X units, with an increase of 18% against the previous year's figure. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 22% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, grinding machine exports skyrocketed to $X in 2021. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Norway (X units) and the United States (X units) were the main destinations of grinding machine exports from Sweden, together accounting for 57% of total exports. These countries were followed by Germany, China, Singapore, Turkey, Finland, South Korea, Poland, the Netherlands, Russia and Spain, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and France ($X) constituted the largest markets for grinding machine exported from Sweden worldwide, with a combined 52% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +37.4%, 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

The average grinding machine export price stood at $X per unit in 2021, growing by 25% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding machine export price increased by +76.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Norway ($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 Singapore (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Sweden

After two years of decline, supplies from abroad of machines having individual functions, for mixing, kneading, crushing or grinding increased by 107% to X units in 2021. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X units) constituted the largest grinding machine supplier to Sweden, with a 46% share of total imports. Moreover, grinding machine imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Norway (X units), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +96.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Norway (-9.6% per year).

In value terms, the largest grinding machine suppliers to Sweden were South Korea ($X), Japan ($X) and Germany ($X), with a combined 60% share of total imports.

South Korea, with a CAGR of +88.0%, saw the highest growth rate of 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

The average grinding machine import price stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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