Sweden: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Sweden

The Swedish non-electric industrial furnace market expanded markedly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Industrial Furnace Production in Sweden

In value terms, non-electric industrial furnace production reached $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Non-Electric Industrial Furnace Exports

Exports from Sweden

In 2022, after two years of growth, there was significant decline in overseas shipments of non-electric industrial or laboratory furnaces and ovens, when their volume decreased by X% to X units. In general, exports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports surged to $X in 2022. Overall, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units), Vietnam (X units) and Norway (X units) were the main destinations of non-electric industrial furnace exports from Sweden, together comprising X% of total exports.

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

In value terms, the UK ($X), the United States ($X) and Vietnam ($X) appeared to be the largest markets for non-electric industrial furnace exported from Sweden worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK, 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 non-electric industrial furnace export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price enjoyed a modest expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Non-Electric Industrial Furnace Imports

Imports into Sweden

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were imported into Sweden; rising by X% compared with the previous year. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace imports expanded notably to $X in 2022. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric industrial furnace supplier to Sweden, accounting for a X% share of total imports. Moreover, non-electric industrial furnace imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. Lithuania (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Lithuania ($X) and Italy ($X) constituted the largest non-electric industrial furnace suppliers to Sweden, together accounting for X% of total imports.

Lithuania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 non-electric industrial furnace import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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