Sweden: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Sweden

The Swedish non-electric industrial furnace market contracted markedly to $X in 2022, shrinking by -19.8% against the previous year. Over the period under review, consumption saw a pronounced slump. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Non-Electric Industrial Furnace Production in Sweden

In value terms, non-electric industrial furnace production fell to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 91%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports from Sweden

Non-electric industrial furnace exports from Sweden soared to X units in 2022, rising by 74% compared with 2021 figures. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of 228% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of 536% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units), the United States (X units) and Vietnam (X units) were the main destinations of non-electric industrial furnace exports from Sweden, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +191.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Turkey ($X) constituted the largest markets for non-electric industrial furnace exported from Sweden worldwide, with a combined 81% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +114.5%, saw 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

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, with an increase of 40% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 611%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Vietnam ($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 Turkey (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Sweden

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were imported into Sweden; shrinking by -31% on the previous year. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 457% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports fell to $X in 2022. Over the period under review, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 645%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-electric industrial furnace supplier to Sweden, accounting for a 46% share of total imports. Moreover, non-electric industrial furnace imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Ukraine (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and Ukraine (+285.9% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest non-electric industrial furnace suppliers to Sweden, together accounting for 63% of total imports.

Among the main suppliers, China, with a CAGR of +44.0%, 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

The average non-electric industrial furnace import price stood at $X per unit in 2022, with an increase of 29% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 98%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 Italy ($X per unit), while the price for Ukraine ($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 (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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