Diesel vehicle propulsion engines market in Sweden

Earlier Report Observations

The Swedish market for diesel vehicle propulsion engines underwent a severe contraction from 2018 to 2020, with physical volume dropping from 205.7 thousand units to 99.0 thousand units. This was followed by a period of instability, as volume partially recovered to 130.3 thousand units in 2021, fell back sharply to 87.1 thousand units in 2022, and then increased modestly to 99.1 thousand units in 2023.

In monetary terms, the market displayed a similar pattern, declining from USD 1 290 million in 2018 to USD 830 million in 2020. After rebounding to USD 1 080 million in 2021, market value decreased to USD 968 million in 2022 and saw a slight uptick to USD 984 million in 2023, reflecting a market that stabilized at a significantly lower level than its pre-2020 state.

Production diesel vehicle propulsion engines in Sweden

In value, 2017-2020, M $ US

Sweden's production of diesel vehicle propulsion engines declined for the third consecutive year. In 2020, output was valued at 2 145 million US dollars, marking a 20.2% decrease from the previous year. From 2017 to 2020, production fell by 29%, which translates to an annualized decline of 10.8%.

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

In kind, 2017-2020, K unit

Sweden's production of diesel vehicle propulsion engines declined for the third consecutive year. In 2020, 233.3 thousand units were produced, representing a 35.2% drop compared to 2019. Over the period from 2017 to 2020, production decreased by 44.8%, with a compound annual growth rate of -18.0%.

Annual dynamics of production in Sweden in kind, 2017-2020, K unit

Exports diesel vehicle propulsion engines from Sweden

Exports in kind, K unit

Sweden's exports of diesel vehicle propulsion engines declined for the second consecutive year. In 2020, Sweden exported 141.5 thousand units, showing a sharp decrease of 27.9% from 2019. From 2017 to 2020, exports fell by 19.8%, equating to an annualized decline of 7.1%. The highest export volume was recorded in 2018 at 197.3 thousand units, with the largest increase of 11.7% also occurring in that year.

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

From 2017 to 2020, Belgium, the Netherlands, and France were the main buyers of diesel vehicle propulsion engines from Sweden, accounting for 46.7%, 22.9%, and 14.8% of exports in kind, respectively. Together, these three countries comprised 84.5% of total exports in kind.

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, M $ US

Sweden's exports of diesel vehicle propulsion engines declined for the second consecutive year. In 2020, exports amounted to 1 373 million US dollars, reflecting a modest decrease of 9.7% from 2019. From 2017 to 2020, exports decreased by 9.7%, with an annualized decline of 3.3%. The peak value was recorded in 2018 at 1 764 million US dollars, which saw the largest increase of 16.1%. The largest decline occurred in 2019, with a drop of 13.8%.

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

From 2017 to 2020, Belgium, the Netherlands, and France were the three principal markets for Sweden's diesel vehicle propulsion engines exports in value terms, together accounting for 85.5% of total exports.

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

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

Imports diesel vehicle propulsion engines to Sweden

Imports in kind, K unit

Sweden's imports of diesel vehicle propulsion engines declined for the second consecutive year. In 2020, imports totaled 7.2 thousand units, showing a significant reduction of 13.1% from 2019. Over the period from 2017 to 2020, imports decreased by 31.1%, with a compound annual growth rate of -11.7%. The highest import volume was recorded in 2018 at 13.0 thousand units, which also saw the largest increase of 23.7%. The largest decline occurred in 2019, with a drop of 35.9%.

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

From 2017 to 2020, France, Germany, and the Netherlands were the three principal sources of diesel vehicle propulsion engines imports to Sweden in kind, together accounting for 78.2% 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, M $ US

Sweden's imports of diesel vehicle propulsion engines declined for the second consecutive year. In 2020, imports amounted to 58 million US dollars, reflecting a substantial contraction of 20.0% from the previous year. From 2017 to 2020, imports decreased by 47.3%, equating to an annualized decline of 19.2%. The peak value was recorded in 2018 at 135 million US dollars, which saw the largest increase of 22.9%. The largest decline occurred in 2019, with a drop of 46.4%.

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

From 2017 to 2020, France, Germany, and the United States were the three largest markets for Sweden's imports of diesel vehicle propulsion engines in value terms, together accounting for 82.2% of total imports.

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

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