Sweden: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Sweden

After two years of growth, the Swedish non-electronic hydro- and hygrometers market decreased by -12.8% to $X in 2021. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.7% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Sweden

In value terms, non-electronic hydro- and hygrometers production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 172% against the previous year. Non-electronic hydro- and hygrometers production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Sweden

In 2021, shipments abroad of non-electronic hydro-, hygro-, psychrometers increased by 31% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2020 when exports increased by 69% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Norway (X units) was the main destination for non-electronic hydro- and hygrometers exports from Sweden, with a 51% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Norway exceeded the volume sent to the second major destination, Spain (X units), ninefold. Finland (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+52.8% per year) and Finland (-10.4% per year).

In value terms, Norway ($X) remains the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Sweden, comprising 37% of total exports. The second position in the ranking was taken by Denmark ($X), with an 8.6% share of total exports. It was followed by Finland, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+24.0% per year) and Finland (+0.3% per year).

Export Prices by Country

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, with an increase of 8.1% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic hydro- and hygrometers export price increased by +48.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 38%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Norway ($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 Denmark (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Sweden

In 2021, approx. X units of non-electronic hydro-, hygro-, psychrometers were imported into Sweden; jumping by 23% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt contraction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports skyrocketed to $X in 2021. Overall, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X units), China (X units) and Germany (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to Sweden, with a combined 78% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +7.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Finland ($X) and Germany ($X) constituted the largest non-electronic hydro- and hygrometers suppliers to Sweden, together accounting for 62% of total imports. These countries were followed by France, the United States, Switzerland and Hong Kong SAR, which together accounted for a further 16%.

France, with a CAGR of +22.1%, recorded 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 non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, picking up by 9.7% against the previous year. Over the period under review, the import price showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 46%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 France ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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