Sweden: Wooden Frame Market 2024

Wooden Frame Market Size in Sweden

After five years of growth, the Swedish wooden frame market decreased by -12.3% to $X in 2022. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Wooden Frame Production in Sweden

In value terms, wooden frame production amounted to $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 260% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports from Sweden

After four years of decline, shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by 9.4% to X units in 2022. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden frame exports fell rapidly to $X in 2022. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 82% against the previous year. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Norway (X units) was the main destination for wooden frame exports from Sweden, accounting for a 44% share of total exports. Moreover, wooden frame exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), twofold. Finland (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-9.3% per year) and Finland (-4.3% per year).

In value terms, Norway ($X) remains the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Sweden, comprising 39% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+108.4% per year) and Switzerland (+88.4% per year).

Export Prices by Country

The average wooden frame export price stood at $X per unit in 2022, falling by -25.6% against the previous year. Overall, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 87% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Finland ($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 the UK (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Sweden

In value terms, wooden frame imports dropped to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Poland (X units), China (X units) and Lithuania (X units) were the main suppliers of wooden frame imports to Sweden, together accounting for 78% of total imports. Latvia, Estonia and Germany lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +71.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame suppliers to Sweden were Poland ($X), China ($X) and Estonia ($X), together accounting for 70% of total imports. Latvia, Lithuania and Germany lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Latvia, with a CAGR of +48.1%, saw 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

The average wooden frame import price stood at $X per unit in 2022, shrinking by -12.9% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame import price increased by +81.6% against 2015 indices. The growth pace was the most rapid in 2021 when the average import price increased by 35%. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :