Market research

Winding wire 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 winding wire market expanded significantly from 2020 to 2022, with market volume rising from 2 789 t to 6 479 t. This growth was driven by a global surge in demand in 2021, which boosted domestic production from 23 624 t to over 31 000 t, and sustained consumption for electrical applications in 2022.

In 2023, market volume contracted to 4 044 t, while production remained stable at around 33 500 t. Technological advances in insulation materials and conductor alloys, along with increasing demand for renewable energy, supported steady production levels despite the shift in domestic consumption.

Trade flows fluctuated throughout the period, with imports peaking at 5 289 t in 2022 and exports consistently exceeding 30 000 t annually from 2021 onward. Global factors such as inflation and changes in trade rules influenced import and export patterns, particularly in 2024.

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 kind
    1. 4.1.1.1. Production, 2020-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2020-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Sweden
  1. 5.1.1. In kind, 2020-2023, t
  2. 5.1.2. In value, 2020-2023, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Sweden in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Sweden by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sweden in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sweden by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Sweden, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Sweden by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Sweden by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Sweden in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Sweden by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sweden in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sweden by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Sweden, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ 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 winding wire in Sweden

In value, 2017-2020, M $ US

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In kind, 2017-2020, t

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports winding wire from Sweden

Exports in kind, t

Sweden's winding wire exports have been declining for three years in a row. In 2020, the country exported 22 435 tons of winding wire, marking a significant 13.1% drop compared to the previous year. Looking at the period from 2017 to 2020, exports fell by 26.5%, which translates to an average annual decrease of 9.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.1%)	(10.8%)	(13.1%)	(9.7%)

Source: SHEV.io

Between 2017 and 2020, Sweden supplied winding wire to a diverse range of markets. Even the top three destinations—Germany, Finland, and Poland—combined accounted for just 44.4% of total exports in volume terms.

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, M $ US

Sweden's winding wire export value declined for the second consecutive year. In 2020, exports amounted to 158.2 million US dollars, reflecting a notable 11.5% year-over-year decrease. From 2017 to 2020, the export value dropped by 26.8%, averaging a 9.9% annual decline. The peak was in 2018 at 219.0 million US dollars, while 2019 saw the sharpest fall of 18.3%. In contrast, 2018 recorded a modest increase of 1.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.4%	(18.3%)	(11.5%)	(9.9%)

Source: SHEV.io

During 2017–2020, Germany, Finland, and Poland were key buyers of Swedish winding wire, contributing 18.5%, 14.5%, and 10.9% of export value, respectively. However, their combined share reached only 43.9% of total exports in value terms, with the remaining 56.1% spread across numerous other trading 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 winding wire to Sweden

Imports in kind, t

Sweden's winding wire import volume has decreased for three consecutive years. In 2020, imports totaled 1 600 tons, showing little change from 2019. Over the 2017–2020 period, imports fell by 39.4%, equivalent to an average annual decline of 15.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(22.5%)	(21.4%)	(0.5%)	(15.4%)

Source: SHEV.io

From 2017 to 2020, Austria, Germany, and Poland were the leading suppliers of winding wire to Sweden. Austria accounted for 54.3% of imports in volume, Germany for 18.9%, and Poland for 9.6%, together making up 82.8% of total imports in kind.

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, M $ US

After two years of decline, Sweden's winding wire import value increased in 2020. Imports reached 20.6 million US dollars, representing a substantial 11.6% rise compared to the previous year. However, over the full 2017–2020 span, imports decreased by 14.7%, averaging a 5.1% annual drop. The lowest value was in 2019 at 18.4 million US dollars, which also saw the largest decline of 21.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.2%)	(21.8%)	11.6%	(5.1%)

Source: SHEV.io

Between 2017 and 2020, Austria, Germany, and Poland were the main suppliers of winding wire to Sweden in value terms. Austria contributed 47.3% of import value, Germany 13.0%, and Poland 11.3%, collectively comprising 71.7% of total imports in value.

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