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Sweden - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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Sweden: Power Tool Market Overview 2021

Power Tool Market Size in Sweden

The Swedish power tool market declined to $X in 2020, waning by -X% against the previous year. In general, the total consumption indicated a slight expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Power tool consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Power Tool Production in Sweden

In value terms, power tool production shrank markedly to $X in 2020 estimated in export prices. Overall, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Power tool production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Power Tool Exports

Exports from Sweden

In 2020, the amount of power tools exported from Sweden rose rapidly to X units, surging by X% against the previous year's figure. Overall, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X units in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, power tool exports skyrocketed to $X in 2020. In general, exports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Norway (X units) was the main destination for power tool exports from Sweden, accounting for a X% share of total exports. Moreover, power tool exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), twofold. The third position in this ranking was occupied by Finland (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Norway totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Finland (-X% per year).

In value terms, Norway ($X), Belgium ($X) and Denmark ($X) constituted the largest markets for power tool exported from Sweden worldwide, together accounting for X% of total exports. These countries were followed by Germany, Finland and Poland, which together accounted for a further X terms of the main countries of destination, Germany recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average power tool export price amounted to $X per unit, growing by X% against the previous year. In general, export price indicated pronounced growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, power tool export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The export price peaked at $X per unit in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Belgium ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Finland, while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Sweden

In 2020, approx. X units of power tools were imported into Sweden; picking up by X% against 2019. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of X units. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, power tool imports expanded sharply to $X in 2020. In general, total imports indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of power tool imports to Sweden, together accounting for X% of total imports. These countries were followed by Estonia, Hungary, the Czech Republic and Denmark, which together accounted for a further X 2007 to 2020, the biggest increases were in Estonia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest power tool suppliers to Sweden were Germany ($X), China ($X) and Estonia ($X), with a combined X% share of total imports.

Among the main suppliers, Estonia (+X% per year) saw the highest growth rate of 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 2020, the average power tool import price amounted to $X per unit, increasing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Estonia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?
+
The countries with the highest volumes of power tool consumption in 2020 were China (101M units), the U.S. (94M units) and Russia (37M units), with a combined 47% share of global consumption. Japan, Germany, France, the UK, Mexico, Canada, Brazil, Thailand, Australia and Italy lagged somewhat behind, together accounting for a further 27%.
What are the largest producers of power tools in the world?
+
China (410M units) constituted the country with the largest volume of power tool production, comprising approx. 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Mexico (23M units), more than tenfold. Russia (19M units) ranked third in terms of total production with a 3.6% share.
What are the leading suppliers of power tools to Sweden?
+
In value terms, the largest power tool suppliers to Sweden were Germany ($78M), China ($51M) and Estonia ($30M), together accounting for 60% of total imports.
What are the leading importers of power tools from Sweden?
+
In value terms, Norway ($64M), Belgium ($55M) and Denmark ($37M) were the largest markets for power tool exported from Sweden worldwide, with a combined 63% share of total exports. Germany, Finland and Poland lagged somewhat behind, together accounting for a further 23%.
What is the average export price for power tools in Sweden?
+
In 2020, the average power tool export price amounted to $149 per unit, rising by 5.2% against the previous year.
What is the average import price for power tools in Sweden?
+
In 2020, the average power tool import price amounted to $74 per unit, increasing by 1.9% against the previous year.

Product coverage:
• Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
• Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
• Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
• Prodcom 28241123 - Electromechanical chainsaws
• Prodcom 28241125 - Electromechanical circular saws
• Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
• Prodcom 28241133 -
• Prodcom 28241135 -
• Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
• Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
• Prodcom 28241190 -

This report provides an in-depth analysis of the power tool market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Sweden

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Sweden
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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