The Swedish lifting equipment market will soar to $X in 2021, growing by X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption recorded significant growth. As a result, consumption has peaked and is likely to continue growing in the short term.

The size of Sweden’s lifting equipment exports
In 2021, about X cranes were exported from Sweden; in 2020 it fell -X%. During the period under review, total exports showed moderate growth from 2012 to 2021: over the past nine years, its exports have grown at an average annual rate of +X%. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2021 data, exports increased by +X% compared to the 2019 index. The growth rate was most pronounced in 2017, with exports increasing by X% compared to the previous year. During the period under review, the export volume reached a maximum of X units in 2013; however, from 2014 to 2021, the export volume was at a lower level.

In value terms, hoisting equipment exports fell significantly to $X in 2021. Overall, exports decreased slightly. 2020 appears to have seen the fastest growth, with an X% increase over the previous year. Exports peaked at $X in 2013; however, from 2014 to 2021, export volumes were at lower levels.

Finland (X units), Kuwait (X units) and Norway (X units) were the main destinations for Swedish lifting equipment exports, accounting for X% of total exports.

Among the major destination countries, Kuwait (+X% CAGR) will see the most significant growth in shipments from 2012 to 2021, while other leaders have more modest growth rates.

In value terms, Finland ($X) remains the main foreign market for Swedish lifting equipment exports, accounting for X% of total exports. In second place is Norway ($X) with X% of total exports. It is followed by Germany with an X% share.

From 2012 to 2021, the average annual growth rate of the value of Finland to Finland totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Norway (-X% per annum) and Germany (-X% per annum).

Import scale of lifting equipment in Sweden
In 2021, the import volume of Swedish lifting equipment will soar to X units, an increase of X% year-on-year. Overall, imports showed significant growth. As a result, imports peaked and may continue to grow in the short term. In terms of value, lifting equipment imports surged to $X in 2021. During the period under review, imports increased significantly. Therefore, imports have peaked and may continue to grow in the short term.

In 2021, Japan (X units) is Sweden’s largest supplier of lifting equipment, accounting for X% of total imports. In addition, imports of hoisting equipment from Japan were six times higher than the figures recorded by the second largest supplier, Germany (X units). In third place is the Netherlands (X units) with an X% share.

From 2012 to 2021, the average annual growth rate of sales in Japan totals +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Germany (+X% per annum) and the Netherlands (+X% per annum).

Japan ($X) is Sweden’s largest lifting equipment supplier by value, accounting for X% of total imports. In second place is Finland ($X) with X% of total imports. It is followed by Germany with an X% share.

From 2012 to 2021, Japan will see an average annual growth rate of +X% in value. The average annual growth rates of imports for the remaining suppliers are as follows: Finland (+X% per annum) and Germany (+X% per annum)

Statistics of various crane suppliers in Sweden
Japan is Sweden’s largest supplier of lifting equipment by value, accounting for 67% of total imports. Finland came in second with 11% of total imports. It is followed by Germany with 11%.

In value terms, Finland remains the main foreign market for Swedish lifting equipment exports, accounting for 21% of total exports. In second place was Norway, which accounted for 9.9% of total exports. It is followed by Germany with a share of 7.8%.

The average export price of hoisting equipment in 2021 will be US$11,667 per unit, a decrease of -14.8% from the previous year.

The average import price of hoisting equipment in 2021 is $2,141 per unit, up 25% from the previous year.

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Sweden Lifting Equipment Market Study 2022