Sweden: Spacecraft Market 2024

Spacecraft Market Size in Sweden

In 2022, the Swedish spacecraft market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Spacecraft Production in Sweden

In value terms, spacecraft production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Spacecraft production peaked at $X in 2020; afterwards, it flattened through to 2022.

Spacecraft Exports

Exports from Sweden

For the fourth year in a row, Sweden recorded growth in shipments abroad of civil spacecraft, satellites and launch vehicles, which increased by X% to X units in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for spacecraft exports from Sweden, with a X% share of total exports. Moreover, spacecraft exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. Indonesia (X units) ranked third in terms of total exports with an X% share.

From 2013 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Indonesia (X% per year).

In value terms, the UK ($X) remains the key foreign market for civil spacecraft, satellites and launch vehicles exports from Sweden, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average spacecraft export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X,430 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spacecraft Imports

Imports into Sweden

In 2022, the amount of civil spacecraft, satellites and launch vehicles imported into Sweden surged to X units, rising by X% against 2021. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spacecraft imports declined remarkably to $X in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

Iraq (X units), Japan (X units) and New Zealand (X units) were the main suppliers of spacecraft imports to Sweden, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to Sweden, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Denmark (X% per year).

Import Prices by Country

The average spacecraft import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform