Norway: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Norway

The Norwegian construction equipment blade market skyrocketed to $X in 2022, growing by 116% against 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, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Construction Equipment Blade Exports

Exports from Norway

After two years of growth, overseas shipments of blades for construction equipment decreased by -46.6% to X units in 2022. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 608% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, construction equipment blade exports surged to $X in 2022. Overall, exports, however, showed modest growth. The growth pace was the most rapid in 2016 with an increase of 857%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for construction equipment blade exports from Norway, with a 68% share of total exports. Moreover, construction equipment blade exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Lithuania (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+23.0% per year) and Lithuania (-18.4% per year).

In value terms, the largest markets for construction equipment blade exported from Norway were the Netherlands ($X), Sweden ($X) and Lithuania ($X), with a combined 97% share of total exports.

Lithuania, with a CAGR of +226.4%, 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

In 2022, the average construction equipment blade export price amounted to $X per unit, jumping by 139% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2016 an increase of 860%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+303.3%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into Norway

In 2022, imports of blades for construction equipment into Norway soared to X units, rising by 102% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, construction equipment blade imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest construction equipment blade supplier to Norway, with a 48% share of total imports. Moreover, construction equipment blade imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), twofold. The third position in this ranking was held by Poland (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+124.0% per year) and Poland (+2.1% per year).

In value terms, the largest construction equipment blade suppliers to Norway were China ($X), Lithuania ($X) and Poland ($X), with a combined 70% share of total imports.

Lithuania, with a CAGR of +166.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, waning by -4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 87% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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