Planes, chisels and gouges for wood market in Sweden

Earlier Report Observations

Between 2018 and 2024, Sweden's trade in planes, chisels, and gouges for wood showed significant variability. Imports rose from 1 838 thousand dollars in 2018 to a peak of 2 439 thousand dollars in 2021, then declined to 1 948 thousand dollars by 2024. Exports followed a similar trajectory, increasing from 947 thousand dollars in 2018 to 1 440 thousand dollars in 2021 before falling back to 1 070 thousand dollars in 2024.

The domestic market size, available for 2020 through 2022, grew sharply from 5 803 thousand dollars in 2020 to 7 104 thousand dollars in 2021, a rise of 22%, then retreated to 6 212 thousand dollars in 2022. This movement aligned with production trends, which peaked at 6 106 thousand dollars in 2021 before decreasing to 5 181 thousand dollars the following year.

In 2023, export value increased by 5.8% to 1 134 thousand dollars. This growth was supported by technological advancements in manufacturing and stricter sustainability requirements, which improved the appeal of Swedish-produced cutting tools in foreign markets.

Production planes, chisels and gouges for wood in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, kg

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

Exports planes, chisels and gouges for wood from Sweden

Exports in kind, t

The market showed an unstable trend throughout the period. The lowest volume was recorded in 2017, while the highest was in 2019, with a peak-to-trough ratio of 2.4 times. In 2020, Sweden exported 63.5 tonnes of planes, chisels, and gouges for wood, showing only a marginal fluctuation compared to 2019. The maximum value was 63.6 tonnes in 2019. The largest increase occurred in 2018, at 122.4%.

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

From 2017 to 2020, Denmark accounted for 37.0% of exports in kind, Norway for 24.9%, and Finland for 13.8%, together making up 75.6% of total 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

In 2020, Sweden's exports of planes, chisels, and gouges for wood reached 1 091 thousand US dollars, marking a 22.1% increase from the previous year. Between 2017 and 2020, exports grew by 69.8%, equivalent to an annualized rate of 19.3%. The largest decline was in 2019, at 5.7%, while the largest increase was in 2018, at 47.4%.

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

From 2017 to 2020, Norway led with 34.6% of exports in value terms, followed by Denmark at 32.7%, and Finland at 12.9%. Together, these three countries accounted for 80.3% of total exports in value terms.

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

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

Imports planes, chisels and gouges for wood to Sweden

Imports in kind, t

After a two-year rise, Sweden's imports of planes, chisels, and gouges for wood declined. In 2020, imports totaled 150.7 tonnes, representing a solid drop of 11.4% compared to the previous year. Between 2017 and 2020, imports increased by 6.9%, equating to an annualized rate of 2.2%. The maximum value was recorded in 2019 at 150.7 tonnes, with the largest increase also in 2019 at 11.3%.

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

From 2017 to 2020, China was the leading source with 41.0% of imports in kind, followed by Belgium at 27.4%, and Asia, not elsewhere specified, at 6.6%. Combined, these accounted for 74.9% of total 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

After a two-year gain, Sweden's import volume of planes, chisels, and gouges for wood declined. In 2020, import volume amounted to 1 881 thousand US dollars, marking a modest loss of 5.5% compared to 2019. Over the period 2017-2020, imports increased by 5.7%, with a compound annual growth rate of 1.9%. The maximum value was in 2019 at 1 990 thousand US dollars, and the largest increase was also in 2019 at 8.3%.

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

From 2017 to 2020, China led with 23.6% of imports in value terms, followed by Belgium at 19.5%, and Denmark at 10.5%. Together, these three accounted for 53.6% of total flows.

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

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