Fittings for buildings market in Sweden

Earlier Report Observations

The Swedish market for base metal mountings and fittings expanded considerably between 2018 and 2020, with volume rising from 6 669 t to 11 331 t. This growth was interrupted in 2021 when the market contracted to 9 973 t.

A strong rebound in 2022 pushed the market to its highest point of the period at 13 598 t, but this peak was short-lived as volume plummeted by 28% in 2023 to 9 728 t. The market stabilized slightly in 2024, reaching 10 024 t.

Production fittings for buildings in Sweden

In value, 2017-2020, K $ US

Production of fittings for buildings in Sweden has increased for the second consecutive year. In 2020, output was valued at 54 769 K $ US, showing a moderate 8.2% increase compared to 2019. Over the period from 2017 to 2020, production grew by 22.5%, with a compound annual growth rate of 7.0%. The lowest value was recorded in 2018 at 43 683 K $ US, which also saw the largest decline of 2.3%. In contrast, the largest increase occurred in 2019 at 15.9%.

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

In kind, 2017-2020, t

Production of fittings for buildings in Sweden has risen for the second year in a row. In 2020, Sweden produced 8 736 tonnes of fittings for buildings, marking a modest 7.7% increase from the previous year. From 2017 to 2020, production expanded by 39.4%, with a compound annual growth rate of 11.7%. The lowest output was in 2018 at 6 231 tonnes, which experienced the smallest decline of 0.5%. The most significant growth was in 2019, with a 30.1% increase.

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

Exports fittings for buildings from Sweden

Exports in kind, t

Sweden exported 9 509 tonnes of fittings for buildings in 2020, representing a 4.3% advance compared to the prior year. However, over the period from 2017 to 2020, exports decreased by 7.9%, with a compound annual decline of 2.7%. The lowest export volume was in 2019 at 9 114 tonnes, which also saw the largest decline of 14.5%. In contrast, the peak was in 2018 at 10 656 tonnes.

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

From 2017 to 2020, Norway, Denmark, and Germany were the top buyers of fittings for buildings from Sweden in terms of volume. Norway accounted for 36.8% of exports, Denmark for 14.6%, and Germany for 12.4%. Together, these three countries represented 63.8% of Sweden's 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, K $ US

In 2020, Sweden's exports of fittings for buildings reached 70 234 K $ US, indicating a moderate gain of 4.2% compared to 2019. Over the period from 2017 to 2020, exports decreased by 10.8%, with a compound annual decline of 3.7%. The lowest value was in 2019 at 67 420 K $ US, which also experienced the largest decline of 21.0%. The highest value was in 2018 at 85 392 K $ US, which saw the largest increase of 8.5%.

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

Between 2017 and 2020, Norway, Denmark, and Germany led the structure of Sweden's exports in value terms. Norway contributed 31.8% of exports, Denmark 18.3%, and Germany 13.2%. Combined, these three markets represented 63.3% 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 fittings for buildings to Sweden

Imports in kind, t

After a two-year decline, imports of fittings for buildings into Sweden increased in 2020. Sweden imported 12 104 tonnes, amounting to a controlled gain of 9.6% year-over-year. However, from 2017 to 2020, imports decreased by 2.7%, equating to an annualized rate of 0.9%. The lowest import volume was in 2019 at 11 048 tonnes, while the largest decline occurred in 2018 at 10.8%.

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

From 2017 to 2020, China, Denmark, and Germany formed the main cluster of markets for Sweden's imports in kind. China accounted for 29.6% of imports, Denmark for 23.2%, and Germany for 9.8%. Together, these three countries held a combined share of 62.5% 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

Imports of fittings for buildings into Sweden have increased for the second consecutive year. In 2020, Sweden imported approximately 83 161 K $ US, marking a small rise of 2.3% year-over-year. Over the period from 2017 to 2020, imports grew by 2.2%, with an annualized rate of 0.7%. The lowest value was in 2018 at 72 171 K $ US, which also saw the largest decline of 11.3%. The largest increase was in 2019 at 12.6%.

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

Throughout 2017 to 2020, China, Germany, and Denmark remained at the centre of Sweden's imports in value terms. Together, these three largest markets accounted for 53.8% 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