Market research

Machines for balancing mechanical parts market in Sweden

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 size for machines balancing mechanical parts in Sweden contracted from USD 2.7 million in 2020 to USD 1.2 million in 2024. Domestic production, which stood at USD 0.8 million in 2020, fell to zero by 2024, eliminating a former source of supply.

Imports of balancing machines dropped from USD 6.1 million in 2018 to USD 2.1 million in 2024, while exports declined from USD 3.1 million to USD 0.8 million over the same period. The reduction in both import and export volumes reflected a broader shrinkage of trade activity in this sector.

Market activity peaked around 2018, after which a steady downward trend set in, reducing overall market value by more than half by the end of the period.

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, 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, 2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2020-2021, 2024, kg
  2. 5.1.2. In value, 2020-2021, 2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, kg
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from 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 machines for balancing mechanical parts 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, kg

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

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

Source: SHEV.io

Exports machines for balancing mechanical parts from Sweden

Exports in kind, t

In 2020, Sweden exported 76.4 tons of machines for balancing mechanical parts, which represents a 66.2% increase compared to 2019. Over the period from 2017 to 2020, exports grew by 41.7%, with a compound annual growth rate of 12.3%. The lowest export volume was recorded in 2019 at 46.0 tons, marking a significant decline of 26.0% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.2%	(26.0%)	66.2%	12.3%

Source: SHEV.io

Between 2017 and 2020, Sweden traded machines for balancing mechanical parts with numerous countries. Even the top destinations—China, Denmark, and the United States—collectively accounted for only 25.0% of total exports in volume.

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

Following two consecutive years of growth, Sweden's exports of machines for balancing mechanical parts in value terms declined in 2020. The country exported 3 120 thousand US dollars worth of these machines, down 3.1% from the previous year. From 2017 to 2020, overall exports increased by 36.4%, with a compound annual growth rate of 10.9%. The peak value was reached in 2019 at 3 221 thousand US dollars, while the largest annual increase occurred in 2018 at 37.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	37.2%	2.7%	(3.1%)	10.9%

Source: SHEV.io

From 2017 to 2020, the export structure in value terms was relatively balanced rather than concentrated. Germany, Denmark, and France accounted for 18.4%, 11.7%, and 9.1% of exports, respectively, totaling 39.2% of the overall value. The remaining 60.8% was distributed among many other trading partners.

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 machines for balancing mechanical parts to Sweden

Imports in kind, t

After a two-year downward trend, Sweden's imports of machines for balancing mechanical parts in volume terms increased in 2020. The country imported 241.8 tons, up 1.8% from the previous year. Between 2017 and 2020, imports decreased by 14.3%, equivalent to an annualized decline of 5.0%. The lowest import volume was recorded in 2019 at 237.5 tons, which saw the largest annual drop of 13.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.3%)	(13.9%)	1.8%	(5.0%)

Source: SHEV.io

During the 2017–2020 period, China, the United States, and Italy were the primary suppliers of machines for balancing mechanical parts to Sweden in volume terms. They contributed 34.8%, 30.4%, and 22.0% of imports, respectively, collectively making up 87.1% of total import volume.

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

In 2020, Sweden imported approximately 5 049 thousand US dollars worth of machines for balancing mechanical parts, representing a 25.1% increase from the previous year. Over the 2017–2020 period, imports decreased by 11.5%, with a compound annual decline of 4.0%. The lowest value was recorded in 2019 at 4 035 thousand US dollars, while the highest was in 2018 at 6 063 thousand US dollars. The most significant annual decline occurred in 2019 at 33.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.3%	(33.4%)	25.1%	(4.0%)

Source: SHEV.io

From 2017 to 2020, the United States, Italy, and Germany remained the main suppliers of machines for balancing mechanical parts to Sweden in value terms. They accounted for 39.3%, 25.1%, and 12.4% of imports, respectively, jointly forming 76.8% of total import value.

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