Market research

Heat exchangers and gas liquefaction market in Sweden

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for heat exchangers and gas liquefaction machines in Sweden was valued at $283.1 million in 2020, dipping slightly to $272.5 million the following year. In 2022, it rebounded strongly, reaching $355.6 million, a growth of over 30% from the 2021 level.

By 2024, the industry saw a clear focus on sustainability and energy efficiency. Alfa Laval launched its new Hygienic WideGap heat exchanger, designed to halve emissions in food processing and be 50% more energy-efficient than conventional technology, highlighting innovation in product segments. At the same time, district heating prices rose by 15.2% between 2023 and 2024, primarily due to high fuel costs, which influenced the market's cost environment and consumer behavior.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2020-2022
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2020-2022
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2021-2022, K unit
  2. 5.1.2. In value, 2020-2022, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, M $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production heat exchangers and gas liquefaction in Sweden

In value, 2017-2020, M $ US

In 2020, Sweden's output of heat exchangers and gas liquefaction was valued at 607.0 million US dollars, remaining broadly stable compared to 2019. Between 2017 and 2020, production decreased by 3.2%, which equates to an annualized decline of 1.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	(1.1%)

Source: SHEV.io

Exports heat exchangers and gas liquefaction from Sweden

Exports in kind, t

After two years of growth, Sweden's exports of heat exchangers and gas liquefaction declined in 2020. The country exported 31 000 tonnes, representing a modest reduction of 6.4% compared to the previous year. Over the 2017-2020 period, exports decreased by 2.8%, with a compound annual growth rate of 0.9%. The highest volume was recorded in 2019 at 33 129 tonnes, while the largest increase occurred in 2018 at 2.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.0%	1.9%	(6.4%)	(0.9%)

Source: SHEV.io

From 2017 to 2020, Sweden supplied heat exchangers and gas liquefaction to numerous markets. Even the top destinations—Germany, Denmark, and Italy—collectively accounted for only 40.0% of total exports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Sweden's exports of heat exchangers and gas liquefaction declined for the second consecutive year in 2020, reaching 447.1 million US dollars—a 2.0% drop compared to 2019. Between 2017 and 2020, exports increased by 3.5%, translating to an annualized growth rate of 1.2%. The peak value was recorded in 2018 at 456.8 million US dollars, with the largest increase also occurring that year at 5.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.8%	(0.1%)	(2.0%)	1.2%

Source: SHEV.io

During 2017-2020, the partner landscape for Sweden's exports in value terms was diverse. Germany (15.5% of export value), Denmark (12.2%), and Italy (7.3%) together constituted just 35.0% of total flows, while the remaining 65.0% was distributed across many other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports heat exchangers and gas liquefaction to Sweden

Imports in kind, t

In 2020, Sweden's imports of heat exchangers and gas liquefaction amounted to 8 602 tonnes, rising by 4.1% year-over-year. Over the 2017-2020 period, imports grew by 13.5%, with a compound annual growth rate of 4.3%. The largest decline was recorded in 2019 at 3.3%, while the largest increase occurred in 2018 at 12.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.8%	(3.3%)	4.1%	4.3%

Source: SHEV.io

From 2017 to 2020, Sweden sourced heat exchangers and gas liquefaction from various markets. The leading suppliers—Czechia, Italy, and Denmark—together represented only 43.6% of total imports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

In 2020, Sweden's imports of heat exchangers and gas liquefaction reached 123.2 million US dollars, increasing by 9.0% compared to 2019. Over the 2017-2020 period, imports rose by 11.7%, with a compound annual growth rate of 3.8%. The largest decline was recorded in 2019 at 7.9%, while the largest increase occurred in 2018 at 11.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.2%	(7.9%)	9.0%	3.8%

Source: SHEV.io

Between 2017 and 2020, the country breakdown of Sweden's imports in value terms remained scattered. Italy (16.9% of import value), Czechia (11.1%), and Denmark (10.0%) together accounted for just 37.9% of total flows, with no single partner emerging as clearly dominant.

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

Source: SHEV.io

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

Source: SHEV.io