Sweden: Test And Measurement Market 2024

Test And Measurement Market Size in Sweden

The Swedish test and measurement market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Test And Measurement Production in Sweden

In value terms, test and measurement production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Test and measurement production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Test And Measurement Exports

Exports from Sweden

In 2022, test and measurement exports from Sweden rose to X units, surging by X% on the previous year's figure. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, test and measurement exports totaled $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Norway (X units), the United States (X units) and Finland (X units) were the main destinations of test and measurement exports from Sweden, together accounting for X% of total exports. Denmark, Germany, Belgium, Italy, China, Poland, France, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for test and measurement exported from Sweden were the United States ($X), Norway ($X) and Finland ($X), with a combined X% share of total exports. Denmark, China, the Netherlands, the UK, Germany, Italy, Belgium, Poland and France lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw 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

The average test and measurement export price stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Test And Measurement Imports

Imports into Sweden

In 2022, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses was finally on the rise to reach X units after three years of decline. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, test and measurement imports reduced modestly to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main suppliers of test and measurement imports to Sweden, together comprising X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Sweden, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average test and measurement import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform

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