Band saw blades market in Sweden

Earlier Report Observations

The market for band saw blades in Sweden experienced significant fluctuations in value between 2018 and 2024. After an initial decline from 14 845 thousand US dollars in 2018 to a low of 10 880 thousand US dollars in 2021, the market size rebounded strongly, reaching a peak of 20 684 thousand US dollars in 2023. This was followed by a correction to 15 466 thousand US dollars in 2024.

Underlying these market movements were shifts in production and trade. Domestic production value grew consistently from 30 783 thousand US dollars in 2018 to 42 035 thousand US dollars in 2024, with a notable acceleration after 2020. Concurrently, export values showed substantial increases, particularly in 2021 and 2024, while import values trended downward from 2018 to 2020 before stabilizing at a lower level through 2024. The combination of rising production and exports, alongside moderated imports, drove the market's expansion in 2022 and 2023.

The overall period was marked by a cycle of contraction, recovery, and subsequent adjustment in market volume. The sharp growth observed in 2023 was not sustained, indicating dynamic changes in the balance between domestic output and international trade flows for band saw blades.

Production band saw blades in Sweden

In value, 2017-2020, K $ US

Sweden's production of band saw blades in monetary terms increased in 2020 after two years of decline. The output was valued at 29 575 thousand US dollars, marking a 1.2% rise compared to the previous year. Over the 2017-2020 period, production decreased by 4.7%, with a compound annual growth rate of 1.6%. The lowest value was recorded in 2019 at 29 229 thousand US dollars, which also saw the largest decline of 5.0%.

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Sweden produced 1 973 tonnes of band saw blades, reflecting a moderate decrease of 4.1% from the previous year. Between 2017 and 2020, production fell by 6.8%, equating to an annualized decline of 2.3%. The largest decrease occurred in 2018 at 5.2%, while the largest increase was recorded in 2019 at 2.5%.

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports band saw blades from Sweden

Exports in kind, t

In 2020, Sweden exported 1 797 tonnes of band saw blades, showing a gradual decline of 4.3% year-over-year. Over the 2017-2020 period, exports decreased by 4.7%, with an annualized rate of 1.6%. The largest increase was recorded in 2019 at 2.7%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, there was no single dominant market for Sweden's band saw blade exports in volume terms. Estonia accounted for 23.4% of exports, the United States for 20.3%, and Germany for 5.7%, together representing 49.3% of total exports. Many smaller partners each held modest individual shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, K $ US

Sweden's band saw blade exports in monetary terms declined for the second consecutive year. In 2020, export volume totaled 26 120 thousand US dollars, which is 6.3% lower than in 2019. Over the 2017-2020 period, exports decreased by 6.2%, with an annualized rate of 2.1%. The highest value was recorded in 2018 at 28 453 thousand US dollars, which also saw the largest increase of 2.1%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, K $ US

From 2017 to 2020, Sweden's band saw blade exports in value terms were widely dispersed across partner countries. The United States accounted for 16.5% of exports, Estonia for 14.2%, and Germany for 7.5%, together representing 38.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports band saw blades to Sweden

Imports in kind, t

Sweden's band saw blade imports in volume terms declined for the second consecutive year. In 2020, imports totaled 632 tonnes, equivalent to a 7.9% reduction compared to 2019. The highest volume was recorded in 2018 at 687 tonnes, which also saw the largest increase of 7.1%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

From 2017 to 2020, Estonia, Germany, and Austria were the main sources for Sweden's band saw blade imports in volume terms. Estonia accounted for 47.1% of imports, Germany for 24.3%, and Austria for 18.7%, together representing 90.1% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, K $ US

Sweden's band saw blade imports in monetary terms declined for the second consecutive year. In 2020, imports registered 9 195 thousand US dollars, down by 18.1% compared to the previous year. Over the 2017-2020 period, imports decreased by 15.9%, with a compound annual growth rate of 5.6%. The highest value was recorded in 2018 at 12 515 thousand US dollars, which also saw the largest increase of 14.5%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, K $ US

Throughout 2017 to 2020, Estonia, Germany, and Austria remained the key partners for Sweden's band saw blade imports in value terms. Estonia accounted for 55.6% of imports, Germany for 23.3%, and Austria for 10.9%, together representing 89.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020