Sweden: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Sweden

The Swedish metal sawing machine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a mild increase. Metal sawing machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Sawing Machine Production in Sweden

In value terms, metal sawing machine production totaled $X in 2021 estimated in export price. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 400%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Metal Sawing Machine Exports

Exports from Sweden

In 2021, the amount of sawing or cutting-off machines for working metal exported from Sweden soared to X units, increasing by 46% against the previous year's figure. Over the period under review, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of 188% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal sawing machine exports rose to $X in 2021. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 72% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X units), Poland (X units) and South Sudan (X units) were the main destinations of metal sawing machine exports from Sweden, together accounting for 57% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +119.9%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for sawing or cutting-off machines for working metal exports from Sweden, comprising 42% of total exports. The second position in the ranking was taken by Norway ($X), with a 14% share of total exports. It was followed by Denmark, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +104.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-7.9% per year) and Denmark (+25.4% per year).

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, waning by -29.7% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Ghana ($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 Norway (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into Sweden

In 2021, overseas purchases of sawing or cutting-off machines for working metal increased by 13% to X units, rising for the third consecutive year after two years of decline. In general, total imports indicated a modest expansion 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, imports increased by +121.3% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 95%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal sawing machine imports declined to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 23%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal sawing machine to Sweden, accounting for a 61% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.2% per year) and Italy (+10.0% per year).

In value terms, Germany ($X) constituted the largest supplier of sawing or cutting-off machines for working metal to Sweden, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and China (+7.0% per year).

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, reducing by -14.9% against the previous year. Overall, the import price saw a mild slump. The growth pace was the most rapid in 2018 when the average import price increased by 49%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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