Report Update Nov 1, 2024

Sweden - Timers - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Timer Market 2024

Timer Market Size in Sweden

The Swedish timer market contracted markedly to $X in 2022, which is down by -50.6% against the previous year. Over the period under review, consumption saw a abrupt downturn. Timer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Sweden

In value terms, timer production reduced to $X in 2022 estimated in export price. Overall, production saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Timer Exports

Exports from Sweden

In 2022, timer exports from Sweden shrank remarkably to X units, falling by -15.4% on 2021. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 33%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, timer exports shrank to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 100%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X units) was the main destination for timer exports from Sweden, with a 45% share of total exports. Moreover, timer exports to Finland exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by Norway (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.1% per year) and Norway (-16.2% per year).

In value terms, Finland ($X), Norway ($X) and China ($X) constituted the largest markets for timer exported from Sweden worldwide, together comprising 73% of total exports.

China, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average timer export price stood at $X per unit in 2022, increasing by 7.6% against the previous year. Overall, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 54% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Timer Imports

Imports into Sweden

In 2022, approx. X units of timers were imported into Sweden; shrinking by -54.5% compared with the previous year's figure. Over the period under review, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 132% against the previous year. As a result, imports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, timer imports reduced rapidly to $X in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 381%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Slovenia (X units) were the main suppliers of timer imports to Sweden, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +238.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest timer suppliers to Sweden were Germany ($X), China ($X) and Slovenia ($X), together comprising 53% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +118.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average timer import price stood at $X per unit in 2022, with an increase of 55% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2017 an increase of 339% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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 France ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for timers in the world?

The country with the largest volume of timer consumption was South Africa, accounting for 25% of total volume. Moreover, timer consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, twofold. China ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of timers in the world?

The country with the largest volume of timer production was China, accounting for 46% of total volume. Moreover, timer production in China exceeded the figures recorded by the second-largest producer, France, fourfold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of timers to Sweden?

In value terms, the largest timer suppliers to Sweden were China, Germany and the United States, together comprising 66% of total imports. These countries were followed by Slovenia, Finland and Austria, which together accounted for a further 17%.

What are the leading importers of timers from Sweden?

In value terms, the largest markets for timer exported from Sweden were Finland, Norway and China, with a combined 75% share of total exports. Uzbekistan, Switzerland, Denmark and the United States lagged somewhat behind, together accounting for a further 15%.

What is the average export price for timers in Sweden?

The average timer export price stood at $25 per unit in 2021, with a decrease of -33.1% against the previous year.

What is the average import price for timers in Sweden?

In 2021, the average timer import price amounted to $14 per unit, which is down by -3.7% against the previous year.

This report provides an in-depth analysis of the timer market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26522810 - Time-registers and time-recorders

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023