Sweden: Suspension System Market 2025

Suspension System Market Size in Sweden

The Swedish suspension system market rose rapidly to $X in 2022, growing by 6.4% against the previous year. Overall, consumption continues to indicate a prominent increase. Suspension system consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Suspension System Production in Sweden

In value terms, suspension system production expanded slightly to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11% against the previous year. Suspension system production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Suspension System Exports

Exports from Sweden

In 2022, approx. X tons of suspension systems were exported from Sweden; which is down by -19.5% on 2021 figures. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, suspension system exports shrank sharply to $X in 2022. Overall, exports, however, saw pronounced growth. The growth pace was the most rapid in 2018 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined notably in the following year.

Exports by Country

Norway (X tons), Brazil (X tons) and Australia (X tons) were the main destinations of suspension system exports from Sweden, with a combined 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +14.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Norway ($X) and Germany ($X) were the largest markets for suspension system exported from Sweden worldwide, with a combined 47% share of total exports. The United States, France, the UK, Australia, Finland, Brazil, the Netherlands, Poland, Belgium and Russia lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, the UK, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average suspension system export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, suspension system export price increased by +49.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 38%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Suspension System Imports

Imports into Sweden

In 2022, imports of suspension systems into Sweden was estimated at X tons, with an increase of 11% compared with 2021 figures. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, suspension system imports expanded modestly to $X in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Norway (X tons) and China (X tons) were the main suppliers of suspension system imports to Sweden, together accounting for 44% of total imports. Italy, Poland, the Czech Republic, the Netherlands, France, India, Spain, Turkey, Belgium and the UK lagged somewhat behind, together comprising a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +96.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and Italy ($X) constituted the largest suspension system suppliers to Sweden, with a combined 49% share of total imports. China, Poland, the Czech Republic, Spain, France, Belgium, the Netherlands, India, the UK and Turkey lagged somewhat behind, together accounting for a further 44%.

India, with a CAGR of +83.7%, 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 2022, the average suspension system import price amounted to $X per ton, dropping by -5.7% against the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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