Sweden: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish remote control apparatus market, when its value decreased by X% to $X. In general, consumption, however, enjoyed noticeable growth. Remote control apparatus consumption peaked at $X in 2021, and then declined markedly in the following year.

Remote Control Apparatus Production in Sweden

In value terms, remote control apparatus production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Remote Control Apparatus Exports

Exports from Sweden

In 2022, shipments abroad of radio remote control apparatus increased by X% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; afterwards, it flattened through to 2022.

In value terms, remote control apparatus exports reached $X in 2022. In general, total exports indicated a strong increase 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 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X units), Norway (X units) and Austria (X units) were the main destinations of remote control apparatus exports from Sweden, with a combined X% share of total exports. Germany, Poland, Finland, Denmark, the United States, the UK, Spain, France and the Netherlands lagged somewhat behind, together comprising 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Austria ($X) constituted the largest markets for remote control apparatus exported from Sweden worldwide, together comprising X% of total exports. Poland, Finland, the United States, Denmark, Norway, Spain, France, the UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average remote control apparatus export price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then fell in the following year.

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 France ($X per unit), while the average price for exports to Norway ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports into Sweden

In 2022, after two years of growth, there was significant decline in supplies from abroad of radio remote control apparatus, when their volume decreased by X% to X units. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume 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 2019 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, remote control apparatus imports declined markedly to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of remote control apparatus imports to Sweden, with a combined X% share of total imports. France, South Korea, Portugal, Poland, Belgium, Italy, Vietnam and Estonia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Portugal ($X) and China ($X) appeared to be the largest remote control apparatus suppliers to Sweden, with a combined X% share of total imports. The Netherlands, Poland, Italy, France, South Korea, Belgium, Vietnam and Estonia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average remote control apparatus import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price 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, remote control apparatus import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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