Sweden: Starter Motor Market 2024

Starter Motor Market Size in Sweden

In 2022, the Swedish starter motor market decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption, however, enjoyed a strong increase. Starter motor consumption peaked at $X in 2021, and then contracted sharply in the following year.

Starter Motor Exports

Exports from Sweden

In 2022, shipments abroad of starter motors and dual purpose starter generators decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, starter motor exports reduced to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for starter motor exports from Sweden, with a X% share of total exports. Moreover, starter motor exports to Belgium exceeded the volume sent to the second major destination, Norway (X units), fourfold. The third position in this ranking was held by the United States (X units), with a X% share.

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

In value terms, Belgium ($X), Norway ($X) and the United States ($X) were the largest markets for starter motor exported from Sweden worldwide, together comprising X% of total exports. Denmark, China, Finland, the UK, Germany, the Netherlands, Spain, South Africa, France and Poland lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 starter motor export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Poland ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Starter Motor Imports

Imports into Sweden

In 2022, the amount of starter motors and dual purpose starter generators imported into Sweden fell sharply to X units, which is down by X% on 2021. 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, starter motor imports declined dramatically to $X in 2022. In general, imports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

Japan (X units), Spain (X units) and the Netherlands (X units) were the main suppliers of starter motor imports to Sweden, with a combined X% share of total imports. Germany, Poland, Mexico, China, Belgium, France, Hungary and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of starter motors and dual purpose starter generators to Sweden, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average starter motor import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2021, and then contracted notably in the following year.

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 France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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