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

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

The Swedish non-numerically controlled sharpening machine market soared to $X in 2022, increasing by 80% against the previous year. Overall, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, non-numerically controlled sharpening machine production reduced to $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35%. Non-numerically controlled sharpening machine production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Sweden

After six years of growth, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -6.7% to X units in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, non-numerically controlled sharpening machine exports shrank slightly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Canada (X units), Germany (X units) and the United States (X units) were the main destinations of non-numerically controlled sharpening machine exports from Sweden, with a combined 47% share of total exports. Norway, France, Brazil, the UK, Finland, Austria, Slovakia, Italy, Switzerland and Australia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +178.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Norway ($X) constituted the largest markets for non-numerically controlled sharpening machine exported from Sweden worldwide, with a combined 41% share of total exports. France, Canada, Finland, Brazil, Italy, the UK, Austria, Australia, Switzerland and Slovakia lagged somewhat behind, together comprising a further 35%.

Slovakia, with a CAGR of +93.0%, recorded the highest rates of growth with regard to 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 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, increasing by 6.4% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 11% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Canada ($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 Finland (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Sweden

In 2022, after three years of growth, there was significant decline in overseas purchases of non-numerically controlled sharpening machines for working metal, when their volume decreased by -36.7% to X units. Overall, imports, however, posted noticeable growth. The pace of growth was the most pronounced in 2019 with an increase of 72% against the previous year. Imports peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, non-numerically controlled sharpening machine imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X units), Germany (X units) and Denmark (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Sweden, together accounting for 92% of total imports. Italy lagged somewhat behind, accounting for a further 1.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled sharpening machine suppliers to Sweden were Germany ($X), Denmark ($X) and China ($X), together accounting for 63% of total imports. Italy lagged somewhat behind, accounting for a further 5.9%.

Among the main suppliers, Italy, with a CAGR of +11.5%, recorded 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

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, jumping by 43% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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