Sweden: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Sweden

In 2021, the Swedish market for non-electronic instruments for measuring or checking variables of liquids or gases was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Sweden

In value terms, non-electronic liquid or gas measurer production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 159%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Sweden

In 2021, shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, non-electronic liquid or gas measurer exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), China (X units) and Norway (X units) were the main destinations of non-electronic liquid or gas measurer exports from Sweden, together comprising 54% of total exports. These countries were followed by Germany, Denmark, the Netherlands, the UK, Finland, Estonia, South Korea and Italy, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest markets for non-electronic liquid or gas measurer exported from Sweden worldwide, with a combined 45% share of total exports. These countries were followed by Denmark, Norway, the Netherlands, the UK, Finland, Italy, Estonia and South Korea, which together accounted for a further 29%.

Estonia, with a CAGR of +28.5%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2020 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Norway ($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 the UK (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Sweden

In 2021, non-electronic liquid or gas measurer imports into Sweden reached X units, flattening at the previous year. In general, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-electronic liquid or gas measurer imports soared to $X in 2021. Over the period under review, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of non-electronic liquid or gas measurer to Sweden, with a 33% share of total imports. Moreover, non-electronic liquid or gas measurer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Estonia (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.0% per year) and Estonia (+88.2% per year).

In value terms, Germany ($X) constituted the largest supplier of non-electronic liquid or gas measurer to Sweden, comprising 34% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.6% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.1% per year) and the United States (-4.1% per year).

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, increasing by 18% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.7% 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 liquid or gas measurer import price increased by +75.2% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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