Market research

Interchangeable spanner sockets market in Sweden, 2026

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for interchangeable spanner sockets in Sweden contracted sharply from 2020 to 2024, with its value dropping from 16.8 million US dollars to 8.0 million US dollars, a decline of more than half. The reduction in domestic market size coincided with a period of substantial export growth, which altered the supply balance within the country.

Domestic production showed moderate variation, reaching 11.3 million US dollars in 2023 before easing to 10.4 million in 2024. Imports remained around 20 million US dollars annually without a consistent trend. Meanwhile, exports more than doubled, rising from 10.1 million US dollars in 2020 to 23.0 million in 2024. This strong outward flow of goods was the primary driver behind the shrinking domestic market volume over these years.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2020-2021, 2023-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2020-2021, 2023-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2020-2021, 2023-2024, t
  2. 5.1.2. In value, 2020-2021, 2023-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ 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, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 interchangeable spanner sockets in Sweden

In value, 2017-2020, K $ US

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In kind, 2017-2020, t

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports interchangeable spanner sockets from Sweden

Exports in kind, t

In 2020, Sweden exported 511 tonnes of interchangeable spanner sockets, marking a significant 17.5% increase from 2019. The lowest export volume during the 2017-2020 period was recorded in 2019 at 435 tonnes, while the highest was in 2018 at 538 tonnes. The most substantial decline occurred in 2019, with a drop of 19.2%. Overall, exports grew by 3.8% from 2017 to 2020, translating to an average annual growth rate of 1.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.3%	(19.2%)	17.5%	1.2%

Source: SHEV.io

From 2017 to 2020, Norway, Denmark, and Finland were the three largest markets for Sweden's exports of interchangeable spanner sockets in volume terms. Together, they accounted for 79.1% of the total export flows.

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, K $ US

After two years of growth, Sweden's exports of interchangeable spanner sockets in value terms declined in 2020, reaching 10 146 thousand US dollars, which represents a moderate 7.5% decrease compared to the previous year. The peak value was recorded in 2019 at 10 973 thousand US dollars, with the largest increase occurring in 2018 at 42.6%. Over the entire 2017-2020 period, exports increased by 38%, with a compound annual growth rate of 11.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	42.6%	4.6%	(7.5%)	11.3%

Source: SHEV.io

Between 2017 and 2020, Norway, Belgium, and Finland were the top buyers of interchangeable spanner sockets from Sweden in value terms. Norway accounted for 35.0% of exports, Belgium for 21.2%, and Finland for 14.2%. Combined, these three markets represented 70.4% of Sweden's total export value.

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 interchangeable spanner sockets to Sweden

Imports in kind, t

Sweden's imports of interchangeable spanner sockets in volume terms declined for the third consecutive year in 2020, reaching 1 548 tonnes, an 11.7% decrease from the previous year. Over the 2017-2020 period, imports fell by 20.8%, with a compound annual decline rate of 7.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.6%)	(8.8%)	(11.7%)	(7.5%)

Source: SHEV.io

From 2017 to 2020, the primary suppliers of interchangeable spanner sockets to Sweden in volume terms were Asia (not elsewhere specified), the Netherlands, and China. Asia accounted for 49.2% of imports, the Netherlands for 22.1%, and China for 11.5%. Together, these three sources made up 82.7% of total import volumes.

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, K $ US

Sweden's imports of interchangeable spanner sockets in value terms declined for the third year in a row in 2020, totaling 17 986 thousand US dollars, a slight 0.8% drop from the previous year. Over the 2017-2020 period, imports decreased by 14.1%, with a compound annual decline rate of 5.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.8%)	(12.8%)	(0.8%)	(5.0%)

Source: SHEV.io

During 2017-2020, the main sources for Sweden's imports of interchangeable spanner sockets in value terms were Asia (not elsewhere specified), the Netherlands, and Germany. Asia contributed 49.9% of import value, the Netherlands 19.5%, and Germany 11.7%. Collectively, these three accounted for 81.1% of total import flows.

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