Sweden: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Sweden

The Swedish wood milling machine market skyrocketed to $X in 2021, growing by 18% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wood Milling Machine Production in Sweden

In value terms, wood milling machine production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 506% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Sweden

Wood milling machine exports from Sweden surged to X units in 2021, jumping by 16% compared with the year before. Overall, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.5% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 43% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X units) was the main destination for wood milling machine exports from Sweden, with a 43% share of total exports. Moreover, wood milling machine exports to Denmark exceeded the volume sent to the second major destination, Norway (X units), twofold. The third position in this ranking was held by Estonia (X units), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark totaled +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-1.4% per year) and Estonia (+32.6% per year).

In value terms, the largest markets for wood milling machine exported from Sweden were Norway ($X), Germany ($X) and Estonia ($X), together comprising 68% of total exports. These countries were followed by France, Denmark, Finland and the United States, which together accounted for a further 23%.

In terms of the main countries of destination, Denmark, with a CAGR of +35.7%, recorded the highest rates of growth with regard to 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 2021, the average wood milling machine export price amounted to $X per unit, rising by 85% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Sweden

In 2021, purchases abroad of planing, milling or moulding machines was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 146%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, wood milling machine imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 580%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X units), China (X units) and Germany (X units) were the main suppliers of wood milling machine imports to Sweden, together accounting for 74% of total imports. Estonia, Italy, Denmark, the Netherlands and Finland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +1,136.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood milling machine suppliers to Sweden were Italy ($X), Germany ($X) and China ($X), with a combined 68% share of total imports. These countries were followed by Belgium, Estonia, Denmark, the Netherlands and Finland, which together accounted for a further 19%.

The Netherlands, with a CAGR of +1,105.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, surging by 26% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 176%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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