Boring and broaching tools market in Sweden

Earlier Report Observations

The market for boring and broaching tools in Sweden experienced notable fluctuations between 2018 and 2024. In physical terms, the market volume peaked at 31.8 thousand kg in 2021, then contracted sharply to 14.3 thousand kg in 2023 and further to 10.7 thousand kg in 2024. In value terms, the market grew from USD 6.6 million in 2020 to USD 9.5 million in 2021, before declining to USD 7.6 million in 2023 and USD 7.0 million in 2024.

By 2024, the market was influenced by broader trends in digitalization and artificial intelligence, which optimized production processes in the industrial B2B sector. Major companies like Baucor continued to develop and offer advanced combination tools focusing on high precision and durability, reflecting sustained industrial demand for high-quality and efficient solutions even amid a smaller overall market volume.

Production boring and broaching tools in Sweden

In value, 2017-2020, K $ US

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

Exports boring and broaching tools from Sweden

Exports in kind, kg

Market behavior showed significant volatility during this period. Exports reached their lowest point in 2020, while the highest volume was recorded in 2019, with a 2.6-fold difference between these years. In 2020, Sweden exported 9 399 kg of boring and broaching tools, marking a 61.1% decline compared to the previous year. The maximum export volume was 24 133 kg in 2019, which also saw the largest increase at 119.1%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, kg

From 2017 to 2020, Argentina, Norway, and Germany were the top contributors to Sweden's exports in kind. Argentina accounted for 19.1% of exports, Norway for 18.7%, and Germany for 12.3%. Together, these three countries represented 50.1% of total export flows.

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

After two years of growth, Sweden's exports of boring and broaching tools in value terms declined. In 2020, exports amounted to 1 707 K $ US, a 44.5% decrease from 2019. Over the 2017-2020 period, exports fell by 30.6%, with a compound annual growth rate (CAGR) of -11.5%. The peak value was recorded in 2019 at 3 076 K $ US, which also experienced the largest increase of 24.6%.

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

The structure of Sweden's exports in value terms from 2017 to 2020 indicates a diversified partner base. Germany led with 17.9% of exports, followed by Argentina at 12.5%, and Japan at 9.3%. These three countries combined accounted for 39.7% of total flows, while the remaining 60.3% was distributed among numerous smaller markets.

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

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

Imports boring and broaching tools to Sweden

Imports in kind, kg

Following a two-year increase, Sweden's imports of boring and broaching tools in kind declined. In 2020, imports totaled 27 558 kg, an 8.1% reduction from 2019. Over the 2017-2020 period, imports grew by 85.7%, with a compound annual growth rate (CAGR) of 22.9%. The highest import volume was 29 992 kg in 2019, which also saw the largest increase at 54.6%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, kg

From 2017 to 2020, the main sources for Sweden's imports of boring and broaching tools in kind were Germany, the United States, and the Netherlands. Germany accounted for 30.3% of imports, the United States for 23.2%, and the Netherlands for 8.0%. Together, these three countries made up 61.5% of total import flows.

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 imports of boring and broaching tools in value terms declined for the second consecutive year. In 2020, imports amounted to {value_last_year} K $ US, a 36.6% drop compared to the previous year. Between 2017 and 2020, imports decreased by 26.7%, equivalent to an annualized rate of -9.8%. The maximum value was recorded in 2018 at 5 770 K $ US, which also experienced the largest increase of 18.4%.

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

Throughout 2017-2020, Germany, the United States, and the Netherlands were the key markets for Sweden's imports in value terms. Germany dominated with 54.9% of imports, followed by the United States at 16.1%, and the Netherlands at 4.4%. Collectively, these three countries represented 75.5% of total import flows.

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

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