Sweden: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Sweden

In 2021, the Swedish market for grinding, sanding and polishing machines decreased by -6.6% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Sweden

In 2021, shipments abroad of grinding, sanding and polishing machines decreased by -22.7% to X units, falling for the fourth consecutive year after two years of growth. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 53%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports surged to $X in 2021. Over the period under review, exports faced a deep contraction. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), Norway (X units) and the UK (X units) were the main destinations of grinding, sanding and polishing machine exports from Sweden, together accounting for 72% of total exports. These countries were followed by Finland, Denmark, the United States, the Netherlands and Germany, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +76.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Poland ($X) and the United States ($X) constituted the largest markets for grinding, sanding and polishing machine exported from Sweden worldwide, with a combined 71% share of total exports. These countries were followed by Finland, Denmark, the UK, the Netherlands and Germany, which together accounted for a further 21%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +33.8%, saw the highest rates of growth with regard to 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 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, increasing by 53% against the previous year. In general, the export price, however, saw a perceptible downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 Poland (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Sweden

In 2021, imports of grinding, sanding and polishing machines into Sweden declined significantly to X units, shrinking by -34.2% compared with the previous year. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 54%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Sweden, accounting for a 72% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Italy (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.0% per year) and Italy (+8.9% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest grinding, sanding and polishing machine suppliers to Sweden, together accounting for 77% of total imports. Denmark, Austria and the Netherlands lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, the Netherlands, with a CAGR of +53.4%, 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 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, growing by 80% against the previous year. Overall, the import price continues to indicate a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for China ($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 (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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