Sweden: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Sweden

For the third consecutive year, the Swedish AC/DC motor market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a resilient expansion. Consumption peaked in 2022 and is likely to see gradual growth in the near future.

Ac/Dc Motor Production in Sweden

In value terms, AC/DC motor production contracted to $X in 2022 estimated in export price. In general, production saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Ac/Dc Motor Exports

Exports from Sweden

In 2022, shipments abroad of AC/DC motors increased by X% to X units, rising for the third consecutive year after six years of decline. In general, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, AC/DC motor exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units), Germany (X units) and Norway (X units) were the main destinations of AC/DC motor exports from Sweden, together comprising X% of total exports. Poland, Finland, Italy, Belgium, the United States, the Czech Republic, Estonia, China, the UK and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for AC/DC motor exported from Sweden were China ($X), Germany ($X) and the United States ($X), with a combined X% share of total exports. Denmark, Norway, Poland, Finland, Belgium, Italy, the UK, the Czech Republic, Austria and Estonia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average AC/DC motor export price amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Estonia ($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.

Ac/Dc Motor Imports

Imports into Sweden

AC/DC motor imports into Sweden dropped to X units in 2022, reducing by X% on 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, AC/DC motor imports rose sharply to $X in 2022. Overall, imports, however, saw a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of AC/DC motor to Sweden, with a X% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest AC/DC motor suppliers to Sweden, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw 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

In 2022, the average AC/DC motor import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue 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 Brazil ($X per unit), while the price for Spain ($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 more modest paces of growth.

Source: IndexBox Platform

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