Sweden: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Sweden

In 2021, after four years of growth, there was significant decline in the Swedish non-numerically controlled drilling machine market, when its value decreased by -16.9% to $X. In general, consumption, however, saw a slight increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Sweden

In value terms, non-numerically controlled drilling machine production fell to $X in 2021 estimated in export price. Over the period under review, production showed a mild decrease. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Non-numerically controlled drilling machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Sweden

In 2021, the amount of non-numerically controlled drilling machines for working metal exported from Sweden rose remarkably to X tons, growing by 5.4% against the year before. In general, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 39%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons), Finland (X tons) and Austria (X tons) were the main destinations of non-numerically controlled drilling machine exports from Sweden, together comprising 56% of total exports. These countries were followed by Denmark, the Netherlands, Poland, the UK, Ireland, Canada, Iceland, Australia, the United States and Germany, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Austria ($X) and Finland ($X) constituted the largest markets for non-numerically controlled drilling machine exported from Sweden worldwide, with a combined 56% share of total exports. The UK, the Netherlands, Poland, Canada, Australia, the United States, Denmark, Ireland, Germany and Iceland lagged somewhat behind, together accounting for a further 38%.

Iceland, with a CAGR of +57.8%, 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 non-numerically controlled drilling machine export price amounted to $X per ton, growing by 24% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.5% 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-numerically controlled drilling machine export price increased by +36.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Sweden

In 2021, the amount of non-numerically controlled drilling machines for working metal imported into Sweden was estimated at X tons, approximately equating 2020. In general, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of 263%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports expanded modestly to $X in 2021. Over the period under review, imports, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 602% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Sweden, with a 69% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. Denmark (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.0% per year) and Denmark (+31.7% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Sweden, comprising 36% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.1% per year) and Germany (+0.1% per year).

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a mild expansion. The growth pace was the most rapid in 2015 an increase of 94% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :