Sweden: Timer Market 2025

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

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