Domestic electric ovens and cookers market in Sweden

Earlier Report Observations

The market for domestic electric ovens and cookers in Sweden showed significant growth between 2020 and 2021, with volume expanding from 912 thousand units to nearly 1.2 million units, while market value increased from 91.0 million dollars to 105.6 million dollars.

After the 2021 peak, the market contracted in both volume and value through 2024. By 2023, volume had fallen to 956 thousand units, with value at 103.2 million dollars, and in 2024 it declined further to 945 thousand units and 86.6 million dollars. This downward trend was driven by increased consumer price sensitivity due to inflation and higher interest rates, which weakened demand and shifted sales toward lesser-known brands. Concurrently, the market saw the integration of Whirlpool's European operations with Arçelik, forming Beko Europe, which altered competitive dynamics in Sweden.

Production domestic electric ovens and cookers in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, unit

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

Exports domestic electric ovens and cookers from Sweden

Exports in kind, K unit

Sweden's exports of domestic electric ovens and cookers reached 790 thousand units in 2020, showing a strong 13.1% increase compared to the previous year. Over the 2017-2020 period, exports grew by 14.7%, with a compound annual growth rate of 4.7%. The largest decline occurred in 2019, when exports fell by 3.1%.

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

From 2017 to 2020, Norway, Finland, and Denmark were the leading destinations for Sweden's exports of domestic electric ovens and cookers in volume terms. Norway accounted for 47.2% of exports, Finland for 24.1%, and Denmark for 22.6%. Together, these three countries represented 93.9% 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, M $ US

Sweden's exports of domestic electric ovens and cookers increased for the third consecutive year. In 2020, export value reached 231.1 million US dollars, marking a 17.7% rise compared to the previous year. Between 2017 and 2020, exports grew by 29%, equivalent to an annualized growth rate of 8.9%.

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

From 2017 to 2020, Norway, Finland, and Denmark formed the main cluster of markets for Sweden's exports of domestic electric ovens and cookers in value terms. Norway accounted for 54.4% of export value, Finland for 22.9%, and Denmark for 19.7%. Collectively, these three countries represented 97.0% of total export 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 domestic electric ovens and cookers to Sweden

Imports in kind, K unit

After two years of decline, imports of foreign domestic electric ovens and cookers to Sweden increased in 2020. Import volume reached 1 700 thousand units, representing a 9.6% rise from 2019. Between 2017 and 2020, imports grew by 3.3%, equivalent to an annualized growth rate of 1.1%. The lowest import volume was recorded in 2019 at 1 551 thousand units, when imports fell by 5.4%.

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

From 2017 to 2020, China, Germany, and Poland were the key partners for Sweden's imports of domestic electric ovens and cookers in volume terms. China accounted for 21.4% of imports, Germany for 17.7%, and Poland for 17.3%. Together, these three countries represented 56.3% 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, M $ US

In 2020, Sweden's imports of domestic electric ovens and cookers reached 320.5 million US dollars, showing a solid 18.0% increase from the previous year. Between 2017 and 2020, imports grew by 19%, equivalent to an annualized growth rate of 6.0%. The largest decline occurred in 2019, when imports fell by 3.9%.

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

From 2017 to 2020, Poland, Germany, and Italy remained the key partners for Sweden's imports of domestic electric ovens and cookers in value terms. Poland accounted for 22.4% of import value, Germany for 17.9%, and Italy for 12.6%. Together, these three countries represented 52.8% 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