Sweden: Vacuum Pump Market 2024

Vacuum Pump Market Size in Sweden

In 2022, the Swedish vacuum pump market decreased by -17.2% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption showed a perceptible shrinkage. Vacuum pump consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Sweden

In value terms, vacuum pump production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The growth pace was the most rapid in 2016 with a decrease of 99.9%. Vacuum pump production peaked in 2022 and is expected to retain growth in the near future.

Vacuum Pump Exports

Exports from Sweden

In 2022, the amount of vacuum pumps exported from Sweden dropped to X units, reducing by -8.5% on the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 63%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vacuum pump exports fell to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Germany (X units), Norway (X units) and the UK (X units) were the main destinations of vacuum pump exports from Sweden, together comprising 76% 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 the UK (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Norway ($X) and Germany ($X) appeared to be the largest markets for vacuum pump exported from Sweden worldwide, together comprising 43% of total exports. Finland, the UK, China, Denmark and Singapore lagged somewhat behind, together comprising a further 22%.

The UK, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of exports, among 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 vacuum pump export price stood at $X per unit in 2022, which is down by -5.9% against the previous year. Overall, the export price saw a mild slump. The growth pace was the most rapid in 2020 an increase of 43%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 the United States ($X per unit), while the average price for exports to Germany ($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 Finland (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Sweden

In 2022, supplies from abroad of vacuum pumps decreased by -19.5% to X units, falling for the third year in a row after four years of growth. Overall, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, vacuum pump imports declined to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Bulgaria (X units), Germany (X units) and China (X units) were the main suppliers of vacuum pump imports to Sweden, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +422.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Sweden, comprising 46% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 9.7% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+405.0% per year) and the United States (+12.9% per year).

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, rising by 12% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum pump import price increased by +106.8% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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