Conveyor belts market in Sweden

Earlier Report Observations

The Swedish conveyor belt market shifted toward higher-value products from 2019 to 2021. While the physical market volume decreased modestly from 6 385 t in 2019 to 5 979 t in 2020, then edged up to 6 105 t in 2021, the market's value rose steadily from $27.7 million to $35.4 million. This growth was primarily driven by increased demand for specialized belts, such as those designed for automated warehouse and sorting systems, which require low friction and high precision. Additionally, the development and launch of new belt segments with enhanced features like extreme wear resistance and improved grip for demanding applications supported higher price points.

Key suppliers like Ulinco Vulctech and Rubber Company strengthened their market positions by offering complete solutions including vulcanization, installation, and maintenance services, which helped customers reduce downtime. The focus on belts adapted to Nordic climate conditions for agriculture and gravel transport, along with belts meeting strict hygiene standards for the food industry, further shaped product offerings. By 2022, the industry continued to emphasize high technical standards, planned maintenance to minimize operational stoppages, and sustainable solutions with longer lifespans.

Production conveyor belts in Sweden

In value, 2017-2020, K $ US

In 2020, Sweden's output of conveyor belts was valued at 15 237 thousand US dollars, marking a year-over-year increase of 6.5%.

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

In kind, 2017-2020, t

In 2020, Sweden produced 3 412 tonnes of conveyor belts, showing no significant change compared to the previous year.

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

Exports conveyor belts from Sweden

Exports in kind, t

Sweden's exports of conveyor belts declined for the second consecutive year. In 2020, exports amounted to 753 tonnes, reflecting a decrease of 10.3% compared to 2019. Between 2017 and 2020, exports fell by 20.3%, equating to an annualized decline of 7.3%. The highest export volume was recorded in 2018 at 1 065 tonnes, with the largest increase of 12.9% occurring that year. In contrast, the largest decline of 21.2% was observed in 2019.

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

From 2017 to 2020, Norway, Finland, and India were the core markets for Sweden's conveyor belt exports in volume terms. Norway accounted for 30.7% of exports, Finland for 20.0%, and India for 19.2%, together representing 69.9% 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

Sweden's export value of conveyor belts declined for the second year in a row. In 2020, exports registered 5 780 thousand US dollars, down by 4.8% year-over-year. Between 2017 and 2020, exports increased by 3.5%, with an annualized growth rate of 1.1%. The peak value was recorded in 2018 at 6 574 thousand US dollars, which saw the largest increase of 17.7%. The largest decline of 7.7% occurred in 2019.

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

Over the period 2017–2020, Norway, Finland, and Denmark were the primary buyers of Swedish conveyor belts in value terms. Norway accounted for 32.0% of exports, Finland for 18.4%, and Denmark for 9.8%, jointly making up 60.1% of total export value.

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

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

Imports conveyor belts to Sweden

Imports in kind, t

After two years of growth, Sweden's imports of conveyor belts declined. In 2020, imports totaled 3 320 tonnes, indicating a decrease of 13.2% compared to the previous year. Between 2017 and 2020, imports rose by 21%, with a compound annual growth rate of 6.5%. The highest import volume was recorded in 2019 at 3 827 tonnes, while the largest increase of 18.3% occurred in 2018.

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

Throughout 2017–2020, Germany, Hungary, and Finland were the key sources for Sweden's conveyor belt imports in volume terms. Germany accounted for 42.1% of imports, Hungary for 30.0%, and Finland for 8.0%, together comprising 80.2% 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

Following two years of increase, Sweden's import value of conveyor belts declined. In 2020, Sweden imported 19 388 thousand US dollars worth of conveyor belts, down by 0.6% compared to the previous year. Between 2017 and 2020, imports grew by 12.4%, with an annualized rate of 4.0%. The maximum value was recorded in 2019 at 19 502 thousand US dollars, and the largest increase of 8.1% took place in 2018.

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

From 2017 to 2020, Germany, Hungary, and the Netherlands were the primary suppliers of conveyor belts to Sweden in value terms. Germany accounted for 41.5% of imports, Hungary for 22.7%, and the Netherlands for 8.9%, jointly representing 73.1% of total import value.

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

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