Sweden: Laundry Machine Market 2024

Laundry Machine Market Size in Sweden

In 2022, the Swedish laundry machine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Laundry Machine Production in Sweden

In value terms, laundry machine production declined to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Laundry machine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Laundry Machine Exports

Exports from Sweden

In 2022, approx. X units of washing, bleaching or dyeing machines were exported from Sweden; picking up by X% compared with the year before. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, laundry machine exports soared to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X units) was the main destination for laundry machine exports from Sweden, with a X% share of total exports. Moreover, laundry machine exports to Bangladesh exceeded the volume sent to the second major destination, Norway (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh amounted to 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, Norway ($X), Bangladesh ($X) and the United States ($X) constituted the largest markets for laundry machine exported from Sweden worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average laundry machine export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per unit in 2021, and then contracted sharply 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 the United States ($X per unit), while the average price for exports to Bangladesh ($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 mixed trend patterns.

Laundry Machine Imports

Imports into Sweden

In 2022, approx. X units of washing, bleaching or dyeing machines were imported into Sweden; growing by X% compared with 2021. Over the period under review, imports, however, showed a abrupt slump. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, laundry machine imports soared to $X in 2022. In general, imports, however, recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Turkey (X units) and China (X units) were the main suppliers of laundry machine imports to Sweden, together accounting for X% of total imports. Norway, Lithuania, the UK, India, the United States, the Czech Republic, Denmark, Finland, Japan and France 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 Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of washing, bleaching or dyeing machines to Sweden, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Turkey (X% per year).

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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