Sweden: Wheeled Loader Market 2024

Wheeled Loader Market Size in Sweden

The Swedish wheeled loader market skyrocketed to $X in 2021, growing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Wheeled loader consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wheeled Loader Exports

Exports from Sweden

In 2021, exports of wheeled loaders, crawler shovel loaders, front-end loaders from Sweden skyrocketed to X units, rising by 217% compared with the year before. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 408%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wheeled loader exports soared to $X in 2021. In general, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 1,142%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X units) was the main destination for wheeled loader exports from Sweden, with a 63% share of total exports. Moreover, wheeled loader exports to Egypt exceeded the volume sent to the second major destination, Norway (X units), fourfold. The third position in this ranking was held by the UK (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+14.7% per year) and the UK (0.0% per year).

In value terms, Egypt ($X), Norway ($X) and Iceland ($X) were the largest markets for wheeled loader exported from Sweden worldwide, together comprising 90% of total exports.

Iceland, with a CAGR of +142.4%, recorded 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

In 2021, the average wheeled loader export price amounted to $X per unit, growing by 47% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 156% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the UK ($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 Iceland (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Sweden

Wheeled loader imports into Sweden skyrocketed to X units in 2021, growing by 18% on 2020. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheeled loader imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 28%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to Sweden, accounting for a 42% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+35.8% per year) and Germany (-3.7% per year).

In value terms, China ($X), Germany ($X) and the UK ($X) constituted the largest wheeled loader suppliers to Sweden, together accounting for 47% of total imports. Finland, Norway, Denmark, the Netherlands, Belgium and the United States lagged somewhat behind, together comprising a further 45%.

Among the main suppliers, Finland, with a CAGR of +31.6%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, picking up by 8% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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