Sweden: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Sweden

The Swedish wood drilling machine market surged to $X in 2021, picking up by 19% against the previous year. Over the period under review, consumption posted a remarkable increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Wood Drilling Machine Production in Sweden

In value terms, wood drilling machine production fell sharply to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced descent. The growth pace was the most rapid in 2020 when the production volume increased by 2,274%. As a result, production reached the peak level of $X, and then dropped notably in the following year.

Wood Drilling Machine Exports

Exports from Sweden

In 2021, shipments abroad of drilling or morticing machines increased by 74% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a deep setback. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports soared to $X in 2021. Overall, exports saw moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X units), Romania (X units) and Finland (X units) were the main destinations of wood drilling machine exports from Sweden, together accounting for 85% of total exports. These countries were followed by Poland, Egypt, Bosnia and Herzegovina and Denmark, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Romania ($X) and Finland ($X) constituted the largest markets for wood drilling machine exported from Sweden worldwide, with a combined 91% share of total exports.

Romania, with a CAGR of +26.4%, saw 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 wood drilling machine export price amounted to $X per unit, increasing by 10% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 129% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Romania ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the United Arab Emirates (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Sweden

In 2021, after two years of decline, there was significant growth in overseas purchases of drilling or morticing machines, when their volume increased by 107% to X units. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 203%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 158% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X units) constituted the largest wood drilling machine supplier to Sweden, with a 48% share of total imports. Moreover, wood drilling machine imports from Denmark exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark amounted to +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+14.8% per year) and the Netherlands (+117.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of wood drilling machine to Sweden, comprising 50% of total imports. The second position in the ranking was taken by Denmark ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +150.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+51.9% per year) and Taiwan (Chinese) (+18.8% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price showed measured growth. The growth pace was the most rapid in 2018 an increase of 72% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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