Sweden: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Sweden

In 2022, the Swedish market for spray guns and similar appliances decreased by -30.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a notable expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced remarkably in the following year.

Production of Spray Guns And Similar Appliances in Sweden

In value terms, spray guns and similar appliances production declined to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 215% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Sweden

After four years of decline, shipments abroad of spray guns and similar appliances increased by 19% to X units in 2022. Overall, exports showed a slight increase. The growth pace was the most rapid in 2017 when exports increased by 131% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, spray guns and similar appliances exports amounted to $X in 2022. Over the period under review, exports enjoyed slight growth. The growth pace was the most rapid in 2017 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of spray guns and similar appliances exports from Sweden, together accounting for 53% of total exports. South Korea, Switzerland, Hong Kong SAR, Germany, South Africa, Poland, Italy, Canada, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +28.5%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for spray guns and similar appliances exports from Sweden, comprising 21% of total exports. The second position in the ranking was held by Denmark ($X), with a 9% share of total exports. It was followed by South Korea, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.6% per year) and South Korea (+15.0% per year).

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, reducing by -15.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Sweden

In 2022, supplies from abroad of spray guns and similar appliances decreased by -24% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted dramatically in the following year.

In value terms, spray guns and similar appliances imports dropped significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined dramatically in the following year.

Imports by Country

China (X units), Germany (X units) and Denmark (X units) were the main suppliers of spray guns and similar appliances imports to Sweden, with a combined 69% share of total imports. Italy, Spain, Hungary, Belgium, the Netherlands, the UK, France and Malaysia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +190.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) constituted the largest spray guns and similar appliances suppliers to Sweden, with a combined 60% share of total imports. Italy, Belgium, Denmark, France, the UK, Hungary, Spain and Malaysia lagged somewhat behind, together comprising a further 29%.

Malaysia, with a CAGR of +175.1%, 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 import price for spray guns and similar appliances stood at $X per unit in 2022, rising by 2.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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