Sweden: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Sweden

The Swedish snow motor vehicle market was finally on the rise to reach $X in 2022, after three years of decline. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Snow Motor Vehicle Exports

Exports from Sweden

Snow motor vehicle exports from Sweden declined dramatically to X units in 2022, with a decrease of -35.8% on the previous year. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 479%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced dramatically in the following year.

In value terms, snow motor vehicle exports totaled $X in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 373% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for snow motor vehicle exports from Sweden, accounting for a 74% share of total exports. Moreover, snow motor vehicle exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+16.7% per year) and France (+22.0% per year).

In value terms, the largest markets for snow motor vehicle exported from Sweden were Denmark ($X), Norway ($X) and France ($X), together accounting for 55% of total exports. Finland, Romania, Estonia, Italy, the United States and Turkey lagged somewhat behind, together accounting for a further 21%.

Finland, with a CAGR of +48.6%, saw 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 snow motor vehicle export price stood at $X per unit in 2022, rising by 56% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 400% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Turkey ($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 Italy (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Sweden

In 2022, after two years of decline, there was significant growth in supplies from abroad of motor vehicles for travelling on snow or golf cars, when their volume increased by 38% to X units. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, snow motor vehicle imports soared to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, 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.

Imports by Country

In 2022, Finland (X units) constituted the largest snow motor vehicle supplier to Sweden, with a 51% share of total imports. Moreover, snow motor vehicle imports from Finland exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. China (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.3% per year) and China (+14.3% per year).

In value terms, Finland ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Sweden, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by Germany, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Finland amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.0% per year) and Germany (-11.1% per year).

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, growing by 14% against the previous year. In general, the import price, however, continues to indicate a mild decrease. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :