Sweden: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Sweden

The Swedish industrial bakery machinery market fell to $X in 2022, shrinking by -5.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Sweden

In value terms, industrial bakery machinery production fell to $X in 2022 estimated in export price. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 99% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Industrial Bakery Machinery Exports

Exports from Sweden

In 2022, shipments abroad of industrial bakery machinery increased by 2.2% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial bakery machinery exports totaled $X in 2022. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Poland (X units) and Norway (X units) were the main destinations of industrial bakery machinery exports from Sweden, together accounting for 34% of total exports. Denmark, Turkey, the UK, Russia, Saudi Arabia, Germany, China, Australia, Bosnia and Herzegovina and Finland lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +37.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial bakery machinery exported from Sweden were the United States ($X), Poland ($X) and Denmark ($X), with a combined 37% share of total exports. Norway, Turkey, Russia, Germany, China, Saudi Arabia, Australia, the UK, Finland and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, Turkey, with a CAGR of +43.2%, 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

The average industrial bakery machinery export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 China (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Sweden

In 2022, purchases abroad of industrial bakery machinery was finally on the rise to reach X units after four years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 35%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial bakery machinery imports dropped to $X in 2022. In general, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 74%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), Denmark (X units) and Germany (X units) were the main suppliers of industrial bakery machinery imports to Sweden, with a combined 55% share of total imports. These countries were followed by China, Lebanon, Turkey, Egypt, the Netherlands and France, which together accounted for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery suppliers to Sweden were Denmark ($X), Italy ($X) and Germany ($X), with a combined 65% share of total imports. These countries were followed by Lebanon, Turkey, China, the Netherlands, France and Egypt, which together accounted for a further 19%.

Egypt, with a CAGR of +208.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, which is down by -23.8% against the previous year. Over the period under review, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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