Sweden: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Sweden

In 2022, after three years of growth, there was significant decline in the Swedish outboard boat motors market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Outboard Boat Motors Exports

Exports from Sweden

Outboard boat motors exports from Sweden contracted notably to X units in 2022, which is down by X% on the previous year. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, outboard boat motors exports contracted markedly to $X in 2022. In general, exports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Norway (X units) was the main destination for outboard boat motors exports from Sweden, accounting for a X% share of total exports. Moreover, outboard boat motors exports to Norway exceeded the volume sent to the second major destination, Finland (X units), more than tenfold. Indonesia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Indonesia (X% per year).

In value terms, Norway ($X) remains the key foreign market for outboard motors for marine propulsion exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average outboard boat motors export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Norway ($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 Indonesia (X.5%), while the prices for the other major destinations experienced mixed trend patterns.

Outboard Boat Motors Imports

Imports into Sweden

In 2022, overseas purchases of outboard motors for marine propulsion decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, outboard boat motors imports fell significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Japan (X units), Belgium (X units) and Germany (X units) were the main suppliers of outboard boat motors imports to Sweden, with a combined X% share of total imports. Thailand, China, France, the United States and Norway lagged somewhat behind, together accounting for a further X%.

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

In value terms, Belgium ($X), Japan ($X) and Germany ($X) were the largest outboard boat motors suppliers to Sweden, together comprising X% of total imports. Thailand, France, China, the United States and Norway lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 outboard boat motors import price amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 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 the United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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