Market research

Watertube boilers 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 Swedish watertube boiler market experienced notable fluctuations between 2020 and 2024. Starting at a size of $9.6 million in 2020, it contracted to $7.4 million in 2021, with parallel declines in domestic production and imports. Exports also decreased, suggesting a broader downturn in activity.

A sharp recovery followed in 2022, lifting the market to $9.1 million as production jumped to $12.1 million and imports surged. This expansion was reversed in 2023, however, when the market shrank again to $7.3 million amid lower production and export volumes.

Market size rebounded to $10.1 million in 2024, driven by global factors including stringent emission regulations that spurred demand for energy-efficient boilers, technological advancements such as digital monitoring systems, and replacement cycles in industrial sectors like chemical processing and power generation. These trends supported a rise in domestic production to $11.4 million while import levels remained high.

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, 2020-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2020-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2020, 2022-2024, unit
  2. 5.1.2. In value, 2020-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 watertube boilers 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

Exports watertube boilers from Sweden

Exports in kind, t

The market exhibited significant volatility during this period. Exports reached their lowest point in 2020, with a volume of 92 tonnes, representing a sharp 75.9% decline from the previous year. In contrast, exports peaked in 2018 at 1,333 tonnes. The difference between these peak and trough years was substantial, with 2018 volumes being 14.5 times higher than those in 2020. The most dramatic growth occurred in 2018, when exports surged by 1,286.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 286.3%	(71.4%)	(75.9%)	(1.6%)

Source: SHEV.io

Between 2017 and 2020, Turkey was the dominant destination for Sweden's watertube boilers exports in volume terms, accounting for 68.9% of the total. The United Kingdom followed with 2.5%, and Norway with 1.7%. Together, these three markets represented 73.1% of Sweden's total export flows during this period.

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

Sweden's watertube boilers exports in value terms declined for the second consecutive year in 2020, reaching 2,524 thousand US dollars. This marked a 31.2% decrease compared to 2019. Over the broader period from 2017 to 2020, exports fell by 39.8%, which translates to an annualized decline of 15.6%. The highest export value was recorded in 2018 at 5,586 thousand US dollars. The most significant drop occurred in 2019, with a 34.4% decrease, while the largest increase was in 2018, with a 33.2% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	33.2%	(34.4%)	(31.2%)	(15.6%)

Source: SHEV.io

From 2017 to 2020, Sweden's watertube boilers exports in value terms showed a diversified partner structure. Turkey led with 14.4% of the total, followed by Germany at 12.3%, and France at 8.9%. Collectively, these three countries accounted for 35.6% of export flows. The remaining 64.4% was distributed across numerous smaller markets, highlighting the broad spread of trade 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 watertube boilers to Sweden

Imports in kind, t

Sweden's watertube boilers imports in volume terms declined for the third consecutive year in 2020, amounting to 13 tonnes. This represented a steep 94.3% fall compared to 2019. Over the period from 2017 to 2020, imports decreased by 97.6%, equating to an annualized decline of 71.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(14.0%)	(50.5%)	(94.3%)	(71.1%)

Source: SHEV.io

Between 2017 and 2020, Turkey was the predominant source for Sweden's watertube boilers imports in volume terms, holding an 86.9% share of total flows. The remainder was fragmented across various other markets.

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

Sweden's watertube boilers imports in value terms declined for the third consecutive year in 2020, totaling 738 thousand US dollars. This marked a sharp 39.0% drop compared to the previous year. Over the 2017-2020 period, imports decreased by 81.8%, with a compound annual growth rate (CAGR) of -43.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(55.7%)	(32.6%)	(39.0%)	(43.3%)

Source: SHEV.io

From 2017 to 2020, Finland, Turkey, and Germany were the key partners for Sweden's watertube boilers imports in value terms. Finland accounted for 36.3% of imports, Turkey for 35.6%, and Germany for 7.1%. Together, these three countries represented 79.0% of total import flows during this period.

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