Sweden: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Sweden

In 2021, after nine years of growth, there was decline in the Swedish market for parts of apparatus of hs, when its value decreased by -2.3% to $X. In general, consumption recorded resilient growth. Parts of apparatus of hs consumption peaked at $X in 2020, and then reduced slightly in the following year.

Production of Parts Of Apparatus Of Hs in Sweden

In value terms, parts of apparatus of hs production stood at $X in 2021 estimated in export price. Over the period under review, production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2017 with an increase of 192% against the previous year. Parts of apparatus of hs production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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Exports of Parts Of Apparatus Of Hs

Exports from Sweden

In 2021, shipments abroad of parts of apparatus of hs decreased by -8.6% to X units for the first time since 2013, thus ending a seven-year rising trend. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, parts of apparatus of hs exports reduced to $X in 2021. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Denmark (X units), Norway (X units) and Finland (X units) were the main destinations of parts of apparatus of hs exports from Sweden, together comprising 81% of total exports. Germany, Poland, China, the UK and the United States lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and Finland ($X) constituted the largest markets for parts of apparatus of hs exported from Sweden worldwide, with a combined 79% share of total exports.

Among the main countries of destination, Finland, with a CAGR of +17.4%, 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 export price for parts of apparatus of hs stood at $X per unit in 2021, reducing by -2.3% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price decreased by -19.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Sweden

In 2021, after four years of growth, there was decline in overseas purchases of parts of apparatus of hs, when their volume decreased by -4.7% to X units. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. As a result, imports attained the peak of X units, and then declined modestly in the following year.

In value terms, parts of apparatus of hs imports declined to $X in 2021. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

The Netherlands (X units), China (X units) and Germany (X units) were the main suppliers of parts of apparatus of hs imports to Sweden, with a combined 73% share of total imports. These countries were followed by Hungary, Denmark, Poland, Slovakia, Belgium, the UK, Hong Kong SAR and Norway, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +152.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs suppliers to Sweden were the Netherlands ($X), China ($X) and Denmark ($X), together accounting for 66% of total imports. Germany, Hungary, Poland, Belgium, Slovakia, the UK, Hong Kong SAR and Norway lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Slovakia, with a CAGR of +140.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of apparatus of hs stood at $X per unit in 2021, falling by -4.7% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs import price decreased by -39.3% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 19%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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