Sweden: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Sweden

In 2022, the Swedish machine tool for metal market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Sweden

In value terms, machine tool for metal production fell slightly to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Sweden

In 2022, after three years of growth, there was significant decline in overseas shipments of machine tools for working metal without removing metal, when their volume decreased by X% to X units. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid 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 failed to regain momentum.

Exports by Country

The United States (X units), Norway (X units) and Switzerland (X units) were the main destinations of machine tool for metal exports from Sweden, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 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 Switzerland ($X per unit), while the average price for exports to Norway ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Sweden

In 2022, the amount of machine tools for working metal without removing metal imported into Sweden reduced notably to X units, which is down by X% on the year before. In general, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, machine tool for metal imports soared to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Romania (X units), Germany (X units) and China (X units) were the main suppliers of machine tool for metal imports to Sweden, with a combined X% share of total imports. The UK, South Korea, Italy, Norway, the United States, Hong Kong SAR, Belgium, Switzerland and France lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Sweden, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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