Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden (FOB) - 2022
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden (CIF) - 2023
3. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden
4. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $13,979 per unit in 2022, dropping by -4.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 33% against the previous year. The export price peaked at $14,619 per unit in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($27,943 per unit), while the average price for exports to the Netherlands ($11,797 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 United States (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden (CIF) - 2023

In November 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $9,352 per unit, rising by 3.1% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 25% month-to-month. Over the period under review, average import prices reached the maximum at $11,727 per unit in September 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($27,509 per unit), while the price for South Korea ($3,412 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden

In 2022, after two years of decline, there was growth in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), when their volume increased by 1.1% to 174K units. Over the period under review, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports of hit record highs at 240K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) reduced to $2.4B in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $2.5B, and then dropped slightly in the following year.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Sweden in 2022:

1. Belgium (48.1K units)
2. France (44.2K units)
3. Netherlands (38.0K units)
4. China (4.8K units)
5. Italy (4.3K units)
6. South Korea (3.8K units)
7. Germany (3.5K units)
8. Australia (3.1K units)
9. United States (3.1K units)
10. Russia (1.1K units)

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sweden

Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Sweden soared to 34K units in 2022, growing by 35% against the previous year. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $211M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Sweden in 2022:

1. Germany (10.7K units)
2. United Kingdom (6.4K units)
3. France (5.6K units)
4. China (2.5K units)
5. Netherlands (2.4K units)
6. Japan (1.2K units)
7. Belgium (1.2K units)

Source: IndexBox Market Intelligence Platform