Sweden: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Sweden

In 2021, the Swedish metal threading machine market increased by 126% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Metal Threading Machine Production in Sweden

In value terms, metal threading machine production totaled $X in 2021 estimated in export price. Overall, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 20%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Threading Machine Exports

Exports from Sweden

In 2021, the amount of threading or tapping machines for working metal exported from Sweden skyrocketed to X units, growing by 618% on the previous year. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 1,952%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal threading machine exports soared to $X in 2021. In general, exports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 when exports increased by 565%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Iran (X units) was the main destination for metal threading machine exports from Sweden, with a 78% share of total exports. Moreover, metal threading machine exports to Iran exceeded the volume sent to the second major destination, the UK (X units), fivefold. Mexico (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+142.6% per year) and Mexico (0.0% per year).

In value terms, the largest markets for metal threading machine exported from Sweden were Mexico ($X), the UK ($X) and Iran ($X), together comprising 80% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +104.9%, recorded the highest growth rate of 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

The average metal threading machine export price stood at $X per unit in 2021, falling by -52.7% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 849%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the 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 Finland ($X per unit), while the average price for exports to Iran ($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 Finland (+36.2%).

Metal Threading Machine Imports

Imports into Sweden

In 2021, the amount of threading or tapping machines for working metal imported into Sweden dropped notably to X units, with a decrease of -36.6% compared with the previous year. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,320% against the previous year. Imports peaked at X units in 2020, and then reduced dramatically in the following year.

In value terms, metal threading machine imports declined markedly to $X in 2021. Overall, imports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 209%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

China (X units), Denmark (X units) and the UK (X units) were the main suppliers of metal threading machine imports to Sweden, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +237.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of threading or tapping machines for working metal to Sweden, comprising 75% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the UK, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Denmark amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.1% per year) and the UK (+313.2% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, falling by -43.6% against the previous year. In general, the import price saw a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 77% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+20.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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