Sweden - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweden: Heat Pump Market 2024
Heat Pump Market Size in Sweden
In 2023, after three years of growth, there was significant decline in the Swedish heat pump market, when its value decreased by X% to $X. In general, consumption, however, posted a significant increase. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.
Heat Pump Production in Sweden
In value terms, heat pump production fell rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.
Heat Pump Exports
Exports from Sweden
In 2023, exports of heat pumps other than air conditioning machines from Sweden surged to X units, growing by X% compared with the year before. Over the period under review, exports posted a modest expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
In value terms, heat pump exports soared to $X in 2023. Overall, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Germany (X units) was the main destination for heat pump exports from Sweden, accounting for a X% share of total exports. Moreover, heat pump exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was held by Finland (X units), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Finland (X% per year).
In value terms, Germany ($X) remains the key foreign market for heat pumps other than air conditioning machines exports from Sweden, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Finland, with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Finland (X% per year).
Export Prices by Country
The average heat pump export price stood at $X per unit in 2023, increasing by X% against the previous year. In general, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Imports
Imports into Sweden
In 2023, supplies from abroad of heat pumps other than air conditioning machines decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, heat pump imports contracted slightly to $X in 2023. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.
Imports by Country
Thailand (X units), Germany (X units) and China (X units) were the main suppliers of heat pump imports to Sweden, together accounting for X% of total imports. The UK, the Netherlands, South Korea, Japan, Denmark, Poland, Italy, Estonia, Finland and France lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest heat pump suppliers to Sweden were Thailand ($X), Germany ($X) and China ($X), together accounting for X% of total imports. The Netherlands, the UK, Japan, South Korea, Denmark, Poland, Italy, Estonia, Finland and France lagged somewhat behind, together accounting for a further X%.
In terms of the main suppliers, South Korea, with a CAGR of X%, recorded 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 heat pump import price stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the heat pump market 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 28251380 - Heat pumps other than air conditioning machines of HS
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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