Sweden: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in Sweden

The Swedish market for instrument panel and wall clocks declined sharply to $X in 2020, waning by X% against the previous year. Overall, consumption saw a pronounced downturn. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market failed to regain momentum.

Production of Instrument Panel And Wall Clocks in Sweden

In value terms, instrument panel and wall clock production dropped significantly to $X in 2020 estimated in export price. In general, production continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2020, production growth remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Sweden

In 2020, shipments abroad of instrument panel and wall clocks increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports fell slightly to $X in 2020. Over the period under review, exports enjoyed a moderate increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

Exports by Country

Finland (X units), Norway (X units) and Denmark (X units) were the main destinations of instrument panel and wall clock exports from Sweden, with a combined X% share of total exports. Switzerland, Germany, Poland and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for instrument panel and wall clocks exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per unit, waning by X% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Sweden

In 2020, imports of instrument panel and wall clocks into Sweden dropped to X units, shrinking by X% compared with the previous year. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports reduced to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest instrument panel and wall clock supplier to Sweden, with a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Denmark (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

In value terms, the largest instrument panel and wall clock suppliers to Sweden were China ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Denmark, Estonia, Poland, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Estonia, 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

The average import price for instrument panel and wall clocks stood at $X per unit in 2020, falling by X% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit, and then fell slightly in the following year.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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