Sweden: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Sweden

In 2022, the Swedish gear cutting machine market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Gear cutting machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Gear Cutting Machine Production in Sweden

In value terms, gear cutting machine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Gear Cutting Machine Exports

Exports from Sweden

After two years of growth, shipments abroad of gear cutting, gear grinding or gear finishing machines decreased by X% to X units in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gear cutting machine exports surged to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X units), Norway (X units) and South Africa (X units) were the main destinations of gear cutting machine exports from Sweden, with a combined X% share of total exports. Spain, Turkey and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) emerged as the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average gear cutting machine export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to South Africa ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into Sweden

In 2022, supplies from abroad of gear cutting, gear grinding or gear finishing machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, gear cutting machine imports fell remarkably to $X in 2022. Over the period under review, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Denmark (X units), China (X units) and Norway (X units) were the main suppliers of gear cutting machine imports to Sweden, with a combined X% share of total imports.

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

In value terms, the largest gear cutting machine suppliers to Sweden were Germany ($X), China ($X) and the United States ($X), with a combined X% share of total imports. Denmark, Norway, India and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, 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

In 2022, the average gear cutting machine import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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