Electric hand drills market in Sweden

Earlier Report Observations

Between 2018 and 2024, the Swedish market for electric hand drills was marked by a downward trend in domestic production and exports, consistent with broader EU patterns. Sweden, previously one of the largest producers in the Union, saw this decline continue, culminating in a sharp 26.8% drop in EU-wide production by 2024 alongside a 24% rise in imports, signaling increased competitive pressure from abroad.

The COVID-19 pandemic disrupted global supply chains in 2020, impacting trade flows. A significant market shift occurred as consumer preferences moved strongly towards battery-powered and cordless models, driven by technological advances in batteries. This trend supported a temporary rise in Swedish production to 3.4 thousand units in 2021, though output fell back to 3.0 thousand units in 2022.

In the later part of the period, Swedish-made drills faced competitiveness challenges due to their relatively high prices compared to other EU countries. This premium price structure contributed to further export declines and a growing reliance on imported products, with the total market volume in kind falling from 572 thousand units in 2020 to 483.8 thousand units in 2022.

Production electric hand drills 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 electric hand drills from Sweden

Exports in kind, K unit

In 2020, Sweden exported 356.1 thousand units of electric hand drills, marking a 3.8% increase compared to 2019. Looking at the broader period from 2017 to 2020, exports grew by 53%, which translates to an annualized growth rate of 15.2%. The highest export volume was recorded in 2018 at 382.5 thousand units. The most significant decline occurred in 2019, with a drop of 10.3%, while the largest increase was in 2018, with a surge of 64.3%.

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

From 2017 to 2020, Norway, Poland, and Denmark were the primary destinations for Sweden's electric hand drill exports in terms of volume. Norway accounted for 36.0% of exports, Poland for 19.2%, and Denmark for 18.1%. Together, these three countries represented 73.3% of Sweden's total export volume for electric hand drills during this period.

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

In 2020, Sweden's exports of electric hand drills in monetary terms reached 41 053 thousand US dollars, showing a solid year-over-year increase of 12.4%. Over the four-year span from 2017 to 2020, export value rose by 51.7%, equivalent to an annualized growth rate of 14.9%. The largest decline was observed in 2019, with a decrease of 3.1%, while the most substantial increase occurred in 2018, with a jump of 39.2%.

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

Between 2017 and 2020, Norway, Denmark, and Finland were the main buyers of electric hand drills from Sweden in value terms. Norway led with 39.9% of export value, followed by Denmark at 20.6%, and Finland at 17.0%. Collectively, these three markets accounted for 77.5% of Sweden's total export value for electric hand drills.

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

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

Imports electric hand drills to Sweden

Imports in kind, K unit

In 2020, Sweden imported approximately 925.0 thousand units of electric hand drills, representing a 7.7% increase from the previous year. Over the period from 2017 to 2020, imports grew by 15.2%, with a compound annual growth rate (CAGR) of 4.8%. The peak import volume was in 2018 at 950.9 thousand units. The most notable decline happened in 2019, with a decrease of 9.7%, while the largest increase was recorded in 2018, with an 18.4% rise.

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

From 2017 to 2020, China, Germany, and Belgium were the principal sources for Sweden's imports of electric hand drills in volume. China contributed 34.3% of imports, Germany 26.1%, and Belgium 15.0%. Together, these three countries made up 75.3% of Sweden's total import volume for electric hand drills during this timeframe.

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

In 2020, Sweden's imports of electric hand drills in monetary terms totaled 74 318 thousand US dollars, reflecting a modest year-over-year improvement of 3.7%. Over the 2017-2020 period, import value decreased by 2.9%, with a compound annual growth rate (CAGR) of -1.0%. The lowest import value was in 2019 at 71 659 thousand US dollars, while the highest was in 2018 at 84 697 thousand US dollars. The most significant decline occurred in 2019, with a drop of 15.4%, and the largest increase was in 2018, with a rise of 10.7%.

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

Between 2017 and 2020, Germany, Estonia, and China formed the main cluster of markets for Sweden's imports of electric hand drills in value terms. Germany accounted for 27.7% of import value, Estonia for 20.5%, and China for 20.2%. Combined, these three countries represented 68.4% of Sweden's total import value for electric hand drills.

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

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