Sweden: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Sweden

The Swedish vacuum cleaner with motor market surged to $X in 2021, rising by 52% against the previous year. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Production of Vacuum Cleaners With Motor in Sweden

In value terms, vacuum cleaner with motor production surged to $X in 2021 estimated in export price. Over the period under review, production saw tangible growth. The growth pace was the most rapid in 2018 when the production volume increased by 1,121%. Vacuum cleaner with motor production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Vacuum Cleaners With Motor

Exports from Sweden

Vacuum cleaner with motor exports from Sweden soared to X tons in 2021, with an increase of 19% against the previous year. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, vacuum cleaner with motor exports surged to $X in 2021. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 49%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of vacuum cleaner with motor exports from Sweden, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +11.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and Finland ($X) were the largest markets for vacuum cleaner with motor exported from Sweden worldwide, together accounting for 94% of total exports.

Among the main countries of destination, Denmark, with a CAGR of +22.7%, saw 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 vacuum cleaner with motor export price stood at $X per ton in 2021, increasing by 9.8% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Sweden

In 2021, the amount of vacuum cleaners with motor imported into Sweden soared to X tons, picking up by 22% on 2020 figures. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, vacuum cleaner with motor imports skyrocketed to $X in 2021. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vacuum cleaner with motor to Sweden, with a 46% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and Denmark (+4.1% per year).

In value terms, China ($X), Germany ($X) and Denmark ($X) were the largest vacuum cleaner with motor suppliers to Sweden, with a combined 80% share of total imports. The Netherlands, Poland, Hong Kong SAR, Lithuania and Hungary lagged somewhat behind, together comprising a further 12%.

The Netherlands, with a CAGR of +41.9%, recorded the highest rates of growth with regard to 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

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

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 Hong Kong SAR ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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