Norway: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Norway

The Norwegian machine-tool for removing material market dropped modestly to $X in 2023, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Norway

In 2023, the amount of machine-tools for working any material by removal of material exported from Norway surged to X units, increasing by X% against 2022. Over the period under review, exports recorded a modest expansion. The exports peaked at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports surged to $X in 2023. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X units) was the main destination for machine-tool for removing material exports from Norway, accounting for a X% share of total exports. Moreover, machine-tool for removing material exports to Austria exceeded the volume sent to the second major destination, the Czech Republic (X units), twofold. The third position in this ranking was held by Sweden (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Sweden (X% per year).

In value terms, the largest markets for machine-tool for removing material exported from Norway were the Czech Republic ($X), Denmark ($X) and Sweden ($X), with a combined X% share of total exports. Germany, Austria, the UK, the United States and Iceland lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a moderate increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Iceland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Norway

In 2023, the amount of machine-tools for working any material by removal of material imported into Norway rose to X units, surging by X% compared with the previous year's figure. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, machine-tool for removing material imports surged to $X in 2023. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of machine-tool for removing material imports to Norway, together comprising X% of total imports. Iceland, the Netherlands, Poland, Taiwan (Chinese), Denmark, Belgium, the UK, Sweden and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iceland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest machine-tool for removing material suppliers to Norway, together comprising X% of total imports. Iceland, Sweden, the United States, Poland, Italy, Belgium, Denmark, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Iceland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2023, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform