Sweden: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Sweden

The Swedish positive displacement pump market surged to $X in 2021, increasing by 66% against the previous year. In general, consumption continues to indicate resilient growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Positive Displacement Pump Production in Sweden

In value terms, positive displacement pump production totaled $X in 2021 estimated in export price. Overall, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 4,439% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Positive Displacement Pump Exports

Exports from Sweden

In 2021, overseas shipments of positive displacement pumps and hand pumps increased by 77% to X units, rising for the fourth year in a row after two years of decline. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, positive displacement pump exports soared to $X in 2021. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 63%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X units), Norway (X units) and Denmark (X units) were the main destinations of positive displacement pump exports from Sweden, with a combined 59% share of total exports. China, Germany, the United States and France lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +108.2%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Germany ($X) appeared to be the largest markets for positive displacement pump exported from Sweden worldwide, together comprising 54% of total exports. These countries were followed by Denmark, France, China and the United States, which together accounted for a further 28%.

China, with a CAGR of +49.7%, recorded the highest rates of growth with regard to the value of exports, among 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 positive displacement pump export price amounted to $X per unit, falling by -32.2% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to China ($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 (-5.5%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Sweden

In 2021, approx. X units of positive displacement pumps and hand pumps were imported into Sweden; with an increase of 42% on the previous year's figure. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 78% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, positive displacement pump imports surged to $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 35%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), China (X units) and the UK (X units) were the main suppliers of positive displacement pump imports to Sweden, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Sweden, comprising 37% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.2% per year) and the UK (+6.8% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, waning by -18.3% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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