Sweden: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Sweden

The Swedish harvesting machinery market fell to $X in 2021, waning by -9.3% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.8% against 2016 indices. Harvesting machinery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Harvesting Machinery Production in Sweden

In value terms, harvesting machinery production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a deep reduction. The growth pace was the most rapid in 2013 with an increase of 14%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Harvesting Machinery Exports

Exports from Sweden

In 2021, the amount of root or tuber harvesting machines exported from Sweden contracted remarkably to X units, shrinking by -64.3% on 2020. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 170% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, harvesting machinery exports declined notably to $X in 2021. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 203% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X units), Finland (X units) and Norway (X units) were the main destinations of harvesting machinery exports from Sweden, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +8.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for harvesting machinery exported from Sweden were Denmark ($X), Norway ($X) and Finland ($X), with a combined 93% share of total exports. Poland and the UK lagged somewhat behind, together comprising a further 4.4%.

Poland, with a CAGR of +19.9%, 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 mixed trend patterns.

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2021, picking up by 24% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, harvesting machinery export price increased by +18.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, 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 Norway ($X per unit), while the average price for exports to Poland ($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 the Netherlands (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Sweden

Harvesting machinery imports into Sweden contracted notably to X units in 2021, falling by -22.8% on the previous year. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 103%. Imports peaked at X units in 2020, and then dropped markedly in the following year.

In value terms, harvesting machinery imports declined markedly to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 166% against the previous year. Imports peaked at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

Denmark (X units), Germany (X units) and Belgium (X units) were the main suppliers of harvesting machinery imports to Sweden, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of root or tuber harvesting machines to Sweden, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 27% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Denmark stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and Belgium (+1.7% per year).

Import Prices by Country

In 2021, the average harvesting machinery import price amounted to $X per unit, falling by -9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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 Denmark ($X per unit), while the price for the UK ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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