Weighing machines excluding balances with sensitivity of 5 cg or better including weight-operated counting or checking machines and weights of all kinds market in Sweden

Earlier Report Observations

Sweden's imports of weighing machines grew from 26.2 million dollars in 2018 to a peak of 35.9 million dollars in 2021, followed by a decline to 28.9 million dollars in 2023 before a modest recovery to 30.9 million dollars in 2024. Over the same period, exports increased steadily from 18.5 million dollars to 22.6 million dollars, reflecting stable international demand.

Domestic production data available for 2020-2022 shows a decrease from 24.1 million dollars to 21.0 million dollars. Combined with trade movements, this led the total market size to rise to 37.5 million dollars in 2021 before contracting to 33.9 million dollars in 2022.

By 2024, broader trends such as increased emphasis on sustainability and technological development, including AI and digitization, began influencing business strategies, potentially driving demand for modern weighing systems. Additionally, economic slowdown and preparations for new data regulations scheduled for 2025 contributed to a cautious market environment.

Production weighing machines and weights in Sweden

In value, 2017-2020, K $ US

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

Exports weighing machines and weights from Sweden

Exports in kind, t

In 2020, Sweden exported 840 tonnes of weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds. This marked a sharp year-over-year increase of 34.7%. Between 2017 and 2020, exports grew by 66.1%, which translates to an annualized growth rate of 18.4%. The largest decline occurred in 2019, with a drop of 16.1%, while the largest increase was recorded in 2018, at 47.0%.

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

From 2017 to 2020, Norway, Finland, and Denmark were the primary buyers of Sweden's weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds. Norway accounted for 36.4% of exports in kind, Finland for 22.4%, and Denmark for 12.3%. Together, these three countries represented 71.2% of Sweden's total exports in kind during this period.

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 exported weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds, valued at 18 745 thousand US dollars. This represented a modest increase of 1.5% compared to 2019. Between 2017 and 2020, exports in value terms rose by 21.5%, equating to an annualized growth rate of 6.7%. The largest decline was recorded in 2019, at 0.1%, while the largest increase occurred in 2018, with a jump of 19.8%.

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

From 2017 to 2020, Norway, Finland, and Denmark led the structure of Sweden's exports in value terms for weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds. Norway accounted for 25.6% of exports in value, Finland for 17.4%, and Denmark for 9.3%. Collectively, these three countries represented 52.2% of total export flows during this period.

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

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

Imports weighing machines and weights to Sweden

Imports in kind, t

Sweden's imports of weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds, declined for the second consecutive year. In 2020, imports amounted to 1 688 tonnes, reflecting a measured contraction of 5.3% year-over-year. Between 2017 and 2020, imports increased by 15.2%, which corresponds to an annualized growth rate of 4.8%. The maximum volume was recorded in 2018, at 1 893 tonnes. The largest decline occurred in 2019, with a drop of 5.8%, while the largest increase was in 2018, at 29.2%.

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

From 2017 to 2020, China, Denmark, and Germany were the principal suppliers of weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds, to Sweden. China accounted for 43.6% of imports in kind, Denmark for 13.8%, and Germany for 10.7%. Together, these three countries represented 68.1% of Sweden's total imports in kind during this period.

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

Sweden's imports of weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds, increased for the second consecutive year. In 2020, imports were recorded at 29 745 thousand US dollars, constituting a limited rise of 6.5% compared to 2019. Between 2017 and 2020, imports in value terms grew by 10.8%, equating to an annualized growth rate of 3.5%. The minimum value was recorded in 2018, at 26 204 thousand US dollars. The largest decline occurred in 2018, with a drop of 2.4%, while the largest increase was in 2019, at 6.6%.

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

From 2017 to 2020, China, Germany, and Denmark consistently occupied leading positions in the country structure of Sweden's imports in value terms for weighing machines, excluding balances with sensitivity of 5 cg or better, including weight-operated counting or checking machines and weights of all kinds. China accounted for 20.2% of imports in value, Germany for 18.1%, and Denmark for 13.0%. Collectively, these three countries represented 51.3% of total import flows during this period.

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

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