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

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

The Swedish numerically controlled sharpening machine market skyrocketed to $X in 2022, growing by 16% against the previous year. Over the period under review, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in Sweden

In value terms, numerically controlled sharpening machine production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 3.1% against the previous year. Numerically controlled sharpening machine production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from Sweden

In 2022, approx. X units of numerically controlled sharpening machines for working metal were exported from Sweden; falling by -45.4% against the previous year's figure. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 154%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, numerically controlled sharpening machine exports dropped sharply to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 210% against the previous year. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Germany (X units), the United States (X units) and Norway (X units) were the main destinations of numerically controlled sharpening machine exports from Sweden, with a combined 66% share of total exports. The UK, Finland, France and China lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +167.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for numerically controlled sharpening machine exported from Sweden were the United States ($X), China ($X) and Germany ($X), together accounting for 47% of total exports. Finland, the UK, France and Norway lagged somewhat behind, together comprising a further 12%.

In terms of the main countries of destination, the UK, with a CAGR of +169.3%, recorded the highest growth rate of the value of exports, 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 numerically controlled sharpening machine export price amounted to $X per unit, surging by 30% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 72% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 China ($X per unit), while the average price for exports to Norway ($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 China (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into Sweden

In 2022, approx. X units of numerically controlled sharpening machines for working metal were imported into Sweden; with a decrease of -68.3% against the previous year. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 202% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, numerically controlled sharpening machine imports shrank significantly to $X in 2022. Overall, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of numerically controlled sharpening machine imports to Sweden, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +50.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled sharpening machine suppliers to Sweden were Germany ($X), France ($X) and China ($X), with a combined 94% share of total imports. Norway and the United States lagged somewhat behind, together accounting for a further 3%.

Among the main suppliers, Norway, with a CAGR of +28.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average numerically controlled sharpening machine import price amounted to $X per unit, picking up by 55% against the previous year. In general, the import price, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2020 an increase of 94% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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