Rubber gaskets, washers and seals market in Sweden

Earlier Report Observations

From 2021 to 2024, the Swedish market for rubber gaskets, washers and seals in volume terms contracted from 15 378 t to 13 252 t in 2022, then recovered to 13 913 t in 2023 and 14 209 t in 2024. In value terms, the market declined from 126.3 million $ US in 2021 to 97.6 million $ US in 2022, before growing to 107.7 million $ US in 2023 and surging to 156.7 million $ US in 2024.

Production volumes fell from 11 293 t in 2021 to 10 185 t in 2022, then partially rebounded to 11 053 t in 2024. Over the full period from 2018 to 2024, imports in volume dropped steadily from 14 820 t to 9 315 t, while exports decreased from 6 778 t to 6 159 t. In monetary terms, production value rose sharply to 342.7 million $ US in 2024, and export value reached 381.6 million $ US, reflecting higher unit prices for these products.

Production rubber gaskets, washers and seals in Sweden

According to Faostat, there is no production of rubber gaskets, washers and seals in Sweden.

Exports rubber gaskets, washers and seals from Sweden

Exports in kind, t

Sweden's exports of rubber gaskets, washers, and seals declined for the second year in a row. In 2020, exports reached 5 463 tonnes, marking a 16.2% decrease compared to the previous year. Over the period from 2017 to 2020, exports fell by 18.4%, with a compound annual growth rate of -6.5%. The highest export volume was recorded in 2018 at 6 778 tonnes, which also saw the largest annual increase of 1.3%.

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

From 2017 to 2020, Sweden's exports of rubber gaskets, washers, and seals were diversified, with no single country dominating the market. Germany accounted for 12.5% of exports, the United States for 11.7%, and Denmark for 8.0%. Together, these three countries made up just 32.2% 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, M $ US

Sweden's exports of rubber gaskets, washers, and seals in value terms declined for the second consecutive year. In 2020, exports totaled 274.7 million US dollars, a 2.0% drop from 2019. Between 2017 and 2020, exports increased by 3.3%, equivalent to an annualized growth rate of 1.1%. The peak value was recorded in 2018 at 287.2 million US dollars, which also saw the largest increase of 8.0%, while the largest decline occurred in 2019 at 2.5%.

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

Between 2017 and 2020, Sweden's exports of rubber gaskets, washers, and seals in value terms were not heavily concentrated. The United States led with 12.4% of exports, followed by China at 9.6%, and Germany at 8.3%. Combined, these three countries accounted for only 30.3% 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 rubber gaskets, washers and seals to Sweden

Imports in kind, t

Sweden's imports of rubber gaskets, washers, and seals in volume terms fell for the second year in a row. In 2020, imports amounted to 11 588 tonnes, a 9.2% decrease year-over-year. From 2017 to 2020, imports declined by 7.9%, with a compound annual growth rate of -2.7%. The highest import volume was in 2018 at 14 820 tonnes, which also experienced the largest increase of 17.8%, while the largest decline was in 2019 at 13.9%.

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

From 2017 to 2020, Germany, Poland, and Sri Lanka were the key sources for Sweden's imports of rubber gaskets, washers, and seals in volume terms. Germany contributed 28.8% of imports, Poland 26.8%, and Sri Lanka 6.0%. Together, these three countries accounted for 61.6% of total import 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, M $ US

Sweden's imports of rubber gaskets, washers, and seals in value terms decreased for the second consecutive year. In 2020, imports totaled 165.1 million US dollars, reflecting an 8.8% decline from the previous year. The highest value was recorded in 2018 at 191.9 million US dollars, which also saw the largest increase of 14.9%.

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

Between 2017 and 2020, Sweden's imports of rubber gaskets, washers, and seals in value terms were distributed across multiple countries. Germany was the top source with 22.8% of imports, followed by Poland at 19.5%, and the United Kingdom at 7.7%. Collectively, these three countries made up 50.0% 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