Transmission shafts including cam shafts and crank shafts and cranks market in Sweden

Earlier Report Observations

From 2020 to 2022, the Swedish market for transmission shafts contracted, with consumption volume dropping from 23 885 t to 19 538 t. This decline was initially driven by global supply chain disruptions during the COVID-19 pandemic, which reduced import flows. In 2021, a 4.2% increase in import prices to $9,337 per ton likely further constrained demand, while a 17% rise in export volumes indicated shifting trade patterns.

Consumption rebounded strongly in 2023, surging by 33% to 26 011 t. No specific Swedish regulatory or production factors were reported to explain this increase, though broader EU market trends included generally rising import and export prices. Domestic production continued to fall, reaching just 41 t in 2023, underscoring the market's dependence on imports.

Over the entire period from 2018 to 2024, Sweden's import volumes for transmission shafts declined from 51 105 t to 32 679 t, while exports fell from 18 158 t to 5 147 t. The market was characterized by stable trade without major new entrants or plant investments, and by 2024, Sweden remained one of the EU's largest importers despite a Union-wide market downturn.

Production transmission shafts and cranks in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, t

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

Exports transmission shafts and cranks from Sweden

Exports in kind, t

Sweden's exports of transmission shafts, including camshafts and crankshafts, declined for the second consecutive year. In 2019, exports reached 13,340 tons, but by 2020 they had fallen to 9,352 tons, marking a significant decrease of 29.9%. Over the period from 2017 to 2020, exports decreased by 22.9%, which translates to an annualized decline rate of 8.3%. The peak export volume was recorded in 2018 at 18,158 tons, with the largest increase of 49.7% also occurring that year.

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

From 2017 to 2020, France, China, and Japan were the primary destinations for Sweden's exports of transmission shafts, including camshafts and crankshafts. France accounted for 38.3% of exports in kind, China for 13.1%, and Japan for 9.0%. Together, these three countries absorbed 60.4% of total exports, making them the main markets.

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 transmission shafts, including camshafts and crankshafts, declined for the second consecutive year in value terms. In 2019, export value was $93.5 million, but in 2020 it dropped to $74.9 million, a decrease of 19.9%. Over the 2017-2020 period, exports decreased by 26%, with a compound annual growth rate (CAGR) of -9.5%. The highest export value was recorded in 2018 at $127.6 million. The largest decline occurred in 2019 at 26.7%, while the largest increase was in 2018 at 26.2%.

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

From 2017 to 2020, China, France, and the United States consistently led Sweden's export structure in value terms. China accounted for 22.6% of exports, France for 22.3%, and the United States for 9.3%. Together, these three countries represented 54.2% 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 transmission shafts and cranks to Sweden

Imports in kind, t

Sweden's imports of transmission shafts, including camshafts and crankshafts, declined for the second consecutive year. In 2019, import volume was 47,500 tons, but by 2020 it had fallen to 32,826 tons, a decrease of 30.9%. Between 2017 and 2020, imports decreased by 34.7%, equating to an annualized decline rate of 13.3%. The peak import volume was recorded in 2018 at 51,105 tons, with the largest increase of 1.6% also occurring that year.

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

From 2017 to 2020, Germany and Poland played the leading roles in Sweden's imports of transmission shafts, including camshafts and crankshafts, in kind. Together, these two markets accounted for 81.1% of total import flows, with the remainder distributed among other destinations.

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 transmission shafts, including camshafts and crankshafts, declined for the second consecutive year in value terms. In 2019, import value was $240.0 million, but in 2020 it decreased to $187.2 million, a decline of 22.0%. Over the 2017-2020 period, imports decreased by 22.6%, with a compound annual growth rate (CAGR) of -8.2%. The highest import value was recorded in 2018 at $267.9 million, with the largest increase of 10.8% also occurring that year.

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

From 2017 to 2020, Germany, Poland, and Austria were the main markets for Sweden's imports of transmission shafts, including camshafts and crankshafts, in value terms. Germany accounted for 43.0% of imports, Poland for 21.9%, and Austria for 14.2%. Together, these three countries represented 79.1% 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