Parts for harvesting machinery including parts of threshing machinery straw or fodder balers and grass or hay mowers market in Sweden

Earlier Report Observations

The market for parts for harvesting machinery in Sweden experienced significant fluctuations between 2018 and 2020. In 2018, the introduction of a reduction obligation for fuel suppliers created incentives for machinery upgrades and demand for related parts. However, the market size fell to $6.7 million in 2019 before recovering to $9.3 million in 2020, as the COVID-19 pandemic bolstered demand for maintenance and spare parts for forestry and agricultural equipment.

From 2021 to 2023, the market showed steady growth, reaching $18.9 million in 2023. This expansion was underpinned by increasing investments in agricultural machinery, which directly raised the need for spare parts. Concurrently, continued price increases for forestry machinery parts and preparations for new environmental regulations, including right-to-repair legislation, contributed to higher market value.

In 2024, the market size dropped sharply to $9.6 million. This decline coincided with distribution changes as Swecon became the authorized dealer for Volvo Penta Industrial, potentially temporarily affecting sales. Additionally, the reduction of the emission reduction obligation for fuel lessened incentives for replacing parts associated with emission control systems.

Production parts for harvesting and mowing machinery in Sweden

In value, 2017-2020, K $ US

The data reveals irregular changes, indicating a volatile market environment. Volumes reached their minimum in 2017 and peaked in 2019, showing a 2.6-fold increase between these years. In 2020, output of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers—was valued at 4 820 K $ US in Sweden, marking a 58.6% decline compared to the previous year. The maximum value was recorded in 2019 at 11 651 K $ US. The largest increase occurred in 2018, with a jump of 110.6%.

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

Exports parts for harvesting and mowing machinery from Sweden

Exports in kind, t

Sweden's exports of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers—declined for the second consecutive year. In 2020, exports totaled 2 291 t, representing a 25.6% decrease from 2019. Over the period from 2017 to 2020, exports fell by 19.7%, with a compound annual growth rate (CAGR) of -7.1%. The maximum volume was recorded in 2018 at 3 402 t. The largest increase occurred in 2018, with a rise of 19.2%.

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

From 2017 to 2020, Germany (27.4% of exports in kind), Norway (18.6% of exports in kind), and Poland (15.5% of exports in kind) were the leading destinations for Sweden's exports in kind of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers. Together, these three countries accounted for 61.5% of total export flows.

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

Shipments of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers—from Sweden to abroad declined for the second consecutive year. In 2020, Sweden exported 39 586 K $ US of these parts, corresponding to a notable contraction of 21.5% from the previous year. Over the period from 2017 to 2020, exports decreased by 13.7%, with a compound annual growth rate (CAGR) of -4.8%. The maximum value was recorded in 2018 at 52 888 K $ US. The largest increase occurred in 2018, with a rise of 15.2%.

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

From 2017 to 2020, Germany (34.2% of exports in value terms), Norway (17.8% of exports in value terms), and Denmark (8.2% of exports in value terms) formed the core of Sweden's exports in value terms for parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers. Together, these three countries accounted for 60.2% 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 parts for harvesting and mowing machinery to Sweden

Imports in kind, t

Imports of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers—into Sweden declined for the second consecutive year. In 2020, imports amounted to 3 824 t, down by 10.0% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 25.2%, with a compound annual growth rate (CAGR) of -9.2%. The maximum volume was recorded in 2018 at 5 233 t. The largest decline occurred in 2019, with a drop of 18.8%. The largest increase was in 2018, with a rise of 2.3%.

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

From 2017 to 2020, three principal markets—Poland, the United Kingdom, and China—together accounted for 50.2% of total imports in kind of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers—into Sweden.

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 parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers—into Sweden declined for the third consecutive year. In 2020, imports registered 44 106 K $ US, representing a modest drop of 3.1% from a year earlier. Between 2017 and 2020, imports decreased by 20.8%, equating to an annualized rate of -7.5%.

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

From 2017 to 2020, Germany (22.1% of imports in value terms), the United Kingdom (17.2% of imports in value terms), and the United States (14.3% of imports in value terms) formed the core group of markets for Sweden's imports in value terms of parts for harvesting machinery—including parts of threshing machinery, straw or fodder balers, and grass or hay mowers. Together, these three countries represented 53.6% 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