Sweden: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Sweden

The Swedish railway maintenance vehicle market surged to $X in 2021, increasing by 132% against the previous year. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Railway Maintenance Vehicle Production in Sweden

In value terms, railway maintenance vehicle production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate tangible growth. The pace of growth was the most pronounced in 2019 with an increase of 337% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Railway Maintenance Vehicle Exports

Exports from Sweden

In 2021, exports of railway or tramway maintenance or service vehicles from Sweden soared to X units, with an increase of 33% compared with 2020. Overall, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 289%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, railway maintenance vehicle exports fell sharply to $X in 2021. In general, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 358%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for railway maintenance vehicle exports from Sweden, accounting for a 62% share of total exports. Moreover, railway maintenance vehicle exports to Norway exceeded the volume sent to the second major destination, Italy (X units), twofold. Russia (X units) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+94.7% per year) and Russia (0.0% per year).

In value terms, Norway ($X) remains the key foreign market for railway or tramway maintenance or service vehicles exports from Sweden, comprising 69% of total exports. The second position in the ranking was held by Italy ($X), with a 22% share of total exports. It was followed by the UK, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Norway stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.6% per year) and the UK (-4.4% per year).

Export Prices by Country

In 2021, the average railway maintenance vehicle export price amounted to $X per unit, dropping by -60.9% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 354% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Russia ($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 Brazil (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Maintenance Vehicle Imports

Imports into Sweden

In 2021, the amount of railway or tramway maintenance or service vehicles imported into Sweden skyrocketed to X units, jumping by 185% compared with the previous year. In general, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 430% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, railway maintenance vehicle imports dropped to $X in 2021. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,044% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2021, Switzerland (X units) was the main railway maintenance vehicle supplier to Sweden, with a 95% share of total imports. It was followed by the UK (X units), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland amounted to +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-28.2% per year) and Norway (-37.0% per year).

In value terms, Austria ($X), Norway ($X) and Switzerland ($X) constituted the largest railway maintenance vehicle suppliers to Sweden, with a combined 95% share of total imports. The UK and Germany lagged somewhat behind, together comprising a further 0.9%.

The UK, with a CAGR of +38.8%, saw the highest rates of growth with regard to 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 2021, the average railway maintenance vehicle import price amounted to $X per unit, declining by -68.7% against the previous year. Overall, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 455%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat 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 Austria ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+110.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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