Report Update: May 1, 2024

Sweden - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights

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Price for Gearboxes and Speed Changers in Sweden - 2023

Price for Gearboxes and Speed Changers in Sweden (CIF) - 2023

In June 2023, the average gearboxes and speed changers import price amounted to $17,423 per ton, growing by 5.1% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in July 2022 when the average import price increased by 50% m-o-m. The import price peaked at $18,752 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($25,729 per ton), while the price for Denmark ($10,248 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gearboxes and Speed Changers in Sweden (FOB) - 2022

In 2022, the average gearboxes and speed changers export price amounted to $26,089 per ton, declining by -5.3% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gearboxes and speed changers export price increased by +68.2% against 2014 indices. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. The export price peaked at $27,541 per ton in 2021, and then shrank in the following year.

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 the UK ($54,701 per ton), while the average price for exports to Denmark ($6,462 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers in Sweden

In 2022, purchases abroad of gearboxes and speed changers increased by 16% to 17K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt descent.

In value terms, gearboxes and speed changers imports expanded remarkably to $261M in 2022. In general, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 9% against the previous year.

Import of Gearboxes and Speed Changers in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	65.4	52.4	66.9	72.7	3.6%
China	57.6	43.9	10.8	35.0	-15.3%
Italy	31.8	22.6	25.9	28.1	-4.0%
Japan	32.1	31.7	30.2	24.1	-9.1%
Belgium	6.6	5.2	8.8	19.2	42.8%
Slovakia	11.5	12.3	19.0	18.1	16.3%
Denmark	31.5	15.7	38.8	13.3	-25.0%
United States	10.7	9.6	8.8	8.4	-7.8%
Others	29.7	29.5	33.9	42.1	12.3%
Total	277	223	243	261	-2.0%

Top Suppliers of Gearboxes and Speed Changers to Sweden in 2022:

Germany (4.2K tons)
China (4.2K tons)
Japan (1.9K tons)
Belgium (1.9K tons)
Slovakia (1.1K tons)
Italy (1.1K tons)
Denmark (1.0K tons)
United States (0.2K tons)

Exports of Gearboxes and Speed Changers in Sweden

In 2022, approx. 6.4K tons of gearboxes and speed changers were exported from Sweden; growing by 5% on 2021. Overall, exports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year.

In value terms, gearboxes and speed changers exports shrank modestly to $166M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports attained the peak of $167M, leveling off in the following year.

Export of Gearboxes and Speed Changers in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	19.7	9.8	14.7	17.6	-3.7%
Belgium	39.2	19.5	22.3	17.4	-23.7%
Germany	9.1	11.1	17.9	16.1	20.9%
United States	20.8	10.8	14.3	16.0	-8.4%
Italy	12.6	11.2	15.7	16.0	8.3%
Brazil	3.0	3.7	7.5	11.2	55.1%
China	5.9	8.8	7.9	9.7	18.0%
United Kingdom	3.2	3.1	12.5	8.1	36.3%
Netherlands	2.9	2.7	4.9	6.5	30.9%
Norway	3.6	9.7	4.7	5.8	17.2%
Finland	4.7	4.9	6.8	4.6	-0.7%
Denmark	4.6	4.4	4.8	3.7	-7.0%
Russia	4.3	6.8	5.7	2.3	-18.8%
Others	22.0	20.1	27.2	31.2	12.4%
Total	156	127	167	166	2.1%

Top Export Markets for Gearboxes and Speed Changers from Sweden in 2022:

Brazil (693.3 tons)
United States (663.7 tons)
Belgium (660.3 tons)
France (603.2 tons)
Denmark (573.3 tons)
China (500.9 tons)
Germany (449.0 tons)
Italy (442.1 tons)
Norway (280.7 tons)
Netherlands (223.8 tons)
United Kingdom (148.4 tons)
Finland (122.8 tons)
Russia (35.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for gearboxes and speed changers in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
Prodcom 28152434 - Gear boxes ..., worm gear boxes
Prodcom 28152440 - Other gear boxes
Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
Prodcom 28152473 - Ball or roller screws
Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023