Sweden: Non-Household Fan Market 2024

Non-Household Fan Market Size in Sweden

In 2022, the Swedish non-household fan market decreased by -38.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a slight setback. Over the period under review, the market reached the peak level at $X in 2021, and then shrank remarkably in the following year.

Non-Household Fan Production in Sweden

In value terms, non-household fan production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 21% against the previous year. Non-household fan production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Household Fan Exports

Exports from Sweden

After two years of growth, shipments abroad of non-household ventilation fans decreased by -57.6% to X units in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 23%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-household fan exports declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Norway (X units), Finland (X units) and Germany (X units) were the main destinations of non-household fan exports from Sweden, with a combined 39% share of total exports. Denmark, Poland, Mexico, the UK, the United States, China, the Netherlands, Lithuania, France and Russia lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +31.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and the UK ($X) were the largest markets for non-household fan exported from Sweden worldwide, with a combined 35% share of total exports. Denmark, Finland, the Netherlands, the United States, Poland, France, China, Lithuania, Russia and Mexico lagged somewhat behind, together comprising a further 40%.

Mexico, with a CAGR of +17.1%, saw the highest growth rate of 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

In 2022, the average non-household fan export price amounted to $X per unit, flattening at the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price 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. Based on 2022 figures, non-household fan export price increased by +113.4% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Mexico ($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 Lithuania (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Sweden

After two years of growth, purchases abroad of non-household ventilation fans decreased by -41.9% to X units in 2022. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, non-household fan imports contracted significantly to $X in 2022. Over the period under review, imports saw a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Sweden, with a 45% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.3% per year) and the Netherlands (+33.5% per year).

In value terms, Germany ($X) constituted the largest supplier of non-household ventilation fans to Sweden, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.2% per year) and the Netherlands (+29.2% per year).

Import Prices by Country

The average non-household fan import price stood at $X per unit in 2022, waning by -12.1% against the previous year. In general, the import price showed a mild descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform