Electrical inductors market in Sweden

Earlier Report Observations

The domestic market volume for electrical inductors in Sweden grew from 754 thousand units in 2020 to 918 thousand units in 2021, then dropped by 13% to 800 thousand units in 2022. The decline in 2022 was primarily driven by supply-chain disruptions and rising energy prices following Russia's invasion of Ukraine, which adversely affected the electrical components market.

Swedish production of inductors fell in physical terms from 20 thousand units in 2020 to 12 thousand units in 2022, while production value increased in 2021, reflecting higher unit prices. Export value surged to 64.7 million US dollars in 2023, coinciding with Sweden's intensified focus on electrification and changes in electricity tariff structures that altered industrial cost conditions.

Technological advances in electric motors, such as BMW's fifth-generation drive systems that reduce dependence on rare-earth metals, alongside strong investment in vehicle electrification, support sustained demand for electrical inductors in automotive and energy applications.

Production electrical inductors 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 electrical inductors from Sweden

Exports in kind, K unit

The market showed significant volatility during this period. In 2018, exports reached their lowest point at 1 040 thousand units, while 2019 saw the peak at 2 493 thousand units — a 2.4-fold difference between these years. In 2020, Sweden's electrical inductor shipments abroad totaled 2 313 thousand units, marking a 7.2% decrease from the previous year. The largest decline occurred in 2018 at 42.7%, while the most substantial increase was recorded in 2019 at 139.7%.

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

From 2017 to 2020, Denmark dominated Sweden's electrical inductor exports in kind, accounting for 76.3% of the total. The remaining exports were distributed among a diverse group of smaller countries.

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

The data reflects irregular changes, pointing to a volatile market environment. Exports in value terms hit their lowest point in 2017 and peaked in 2019, with a 1.8-fold fluctuation between these years. In 2020, Sweden's electrical inductor export volume reached 19 944 thousand US dollars, down 13.3% from the previous year. The maximum value was recorded in 2019 at 23 004 thousand US dollars, with the largest increase that year at 73.7%.

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

Between 2017 and 2020, Denmark, the United States, and the United Kingdom were the main destinations for Sweden's electrical inductor exports in value terms. Denmark accounted for 55.6% of exports, followed by the United States at 6.3% and the United Kingdom at 6.2%. Together, these three countries absorbed 68.1% 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 electrical inductors to Sweden

Imports in kind, K unit

In 2020, Sweden's imports of electrical inductors in kind stood at 3 047 thousand units, showing a gradual decrease of 5.0% compared to 2019. Over the period from 2017 to 2020, imports grew by 24.3%, equivalent to an annualized rate of 7.5%. The lowest value was recorded in 2018 at 1 889 thousand units, while the peak occurred in 2019 at 3 207 thousand units. The largest decline was in 2018 at 22.9%, and the most significant increase was in 2019 at 69.7%.

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

From 2017 to 2020, Poland, Germany, and Austria were the leading sources for Sweden's electrical inductor imports in kind. Poland accounted for 54.5% of imports, Germany for 13.9%, and Austria for 9.2%. Combined, these three countries represented 77.6% 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

In 2020, Sweden's volume of electrical inductor imports in value terms amounted to 34 830 thousand US dollars, indicating a limited decline of 8.0% from the previous year. The minimum value was recorded in 2018 at 31 529 thousand US dollars, while the maximum was in 2019 at 37 847 thousand US dollars. The largest decline occurred in 2018 at 9.3%, and the largest increase was in 2019 at 20.0%.

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

Throughout 2017 to 2020, Germany, Poland, and Austria remained the primary markets for Sweden's electrical inductor imports in value terms. Germany accounted for 26.9% of imports, Poland for 21.4%, and Austria for 9.6%. Together, these three countries held a 57.8% share 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