Seals; Mechanical Price in Sweden - 2023

Seals; Mechanical Price in Sweden (FOB) - 2023

The average seals; mechanical export price stood at $9.3 per unit in August 2023, with an increase of 23% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 24% against the previous month. The export price peaked at $9.8 per unit in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($18.7 per unit), while the average price for exports to Belgium ($1.9 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in Sweden (CIF) - 2023

In August 2023, the average seals; mechanical import price amounted to $5.3 per unit, growing by 9.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 31% month-to-month. As a result, import price attained the peak level of $6.7 per unit. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was India ($18.3 per unit), while the price for Taiwan (Chinese) ($1.6 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in Sweden

In 2022, approx. 6.8M units of seals; mechanicals were exported from Sweden; which is down by -11.7% against the year before. Overall, exports recorded a deep downturn. The smallest decline of -0.4% was in 2021. Over the period under review, the exports attained the peak figure at 9.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, seals; mechanical exports contracted markedly to $50M in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports attained the peak of $64M, and then contracted dramatically in the following year.

Export of Seals; Mechanical in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.8	8.9	10.4	11.6	14.1%
Germany	8.3	7.8	8.5	7.1	-5.1%
Norway	1.2	1.1	1.8	2.4	26.0%
Finland	1.3	1.3	2.3	2.3	20.9%
Canada	1.2	1.3	1.7	2.1	20.5%
United Kingdom	5.6	5.4	2.3	2.0	-29.1%
China	3.7	2.6	2.3	2.0	-18.5%
France	1.5	1.7	2.0	1.9	8.2%
Belgium	1.3	1.4	1.9	1.4	2.5%
India	1.0	0.6	0.9	1.1	3.2%
Singapore	1.2	1.7	1.0	0.8	-12.6%
Poland	1.9	2.0	2.5	0.8	-25.0%
Malaysia	N/A	N/A	0.5	0.7	40.0%
Others	20.4	20.5	25.5	14.2	-11.4%
Total	56.5	56.4	63.8	50.4	-3.7%

Top Export Markets for Seals; Mechanical from Sweden in 2022:

Belgium (666.6K units)
United States (551.6K units)
France (513.4K units)
Germany (513.2K units)
Norway (457.0K units)
China (362.1K units)
Malaysia (344.6K units)
Canada (318.1K units)
Finland (304.2K units)
India (279.1K units)
United Kingdom (268.4K units)
Singapore (208.0K units)
Poland (153.0K units)

Seals; Mechanical Imports in Sweden

In 2022, supplies from abroad of seals; mechanicals was finally on the rise to reach 6.8M units for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports totaled $33M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Seals; Mechanical in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	11.5	11.1	10.6	11.0	-1.5%
China	3.3	3.2	3.0	4.1	7.5%
United Kingdom	3.3	2.1	4.3	3.1	-2.1%
Netherlands	1.9	1.9	2.6	2.4	8.1%
United States	2.1	1.9	2.1	1.6	-8.7%
Italy	1.2	1.2	1.7	1.6	10.1%
Taiwan (Chinese)	0.8	0.6	0.6	1.3	17.6%
Spain	0.2	0.3	0.8	1.1	76.5%
Czech Republic	0.7	0.7	0.8	1.0	12.6%
Belgium	0.3	0.5	0.3	1.0	49.4%
Denmark	0.7	1.0	0.7	0.7	0.0%
Finland	0.6	0.7	0.6	0.7	5.3%
India	0.3	0.1	0.5	0.3	0.0%
Others	1.8	2.8	2.5	2.6	13.0%
Total	28.9	28.1	31.1	32.6	4.1%