Sweden: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Sweden

The Swedish interchangeable tool market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Interchangeable Tool Production in Sweden

In value terms, interchangeable tool production rose rapidly to $X in 2022 estimated in export price. Overall, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Interchangeable Tool Exports

Exports from Sweden

In 2022, exports of interchangeable tools for hand tools from Sweden declined slightly to X tons, flattening at the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, interchangeable tool exports rose slightly to $X in 2022. Over the period under review, exports continue to indicate a slight decrease. The growth pace was the most rapid in 2021 with an increase of X% 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

Norway (X tons), the United States (X tons) and Australia (X tons) were the main destinations of interchangeable tool exports from Sweden, with a combined X% share of total exports. South Africa, China, Canada, Denmark, Brazil, Finland, Indonesia, Belgium, Ghana and Germany 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 Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for interchangeable tool exported from Sweden were the United States ($X), Australia ($X) and South Africa ($X), together accounting for X% of total exports. Norway, Canada, China, Denmark, Indonesia, Finland, Germany, Belgium, Brazil and Ghana lagged somewhat behind, together comprising a further X%.

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

The average interchangeable tool export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Interchangeable Tool Imports

Imports into Sweden

In 2022, supplies from abroad of interchangeable tools for hand tools increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, interchangeable tool imports dropped to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of interchangeable tool imports to Sweden, with a combined X% share of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of interchangeable tools for hand tools to Sweden, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

In 2022, the average interchangeable tool import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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