Norway: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Norway

The Norwegian dry-cleaning machine market dropped to $X in 2021, falling by -11.5% 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 continues to indicate a significant decrease. Dry-cleaning machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dry-Cleaning Machine Exports

Exports from Norway

In 2021, the amount of dry-cleaning machines exported from Norway stood at X units, standing approx. at the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 260%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, dry-cleaning machine exports shrank to $X in 2021. Overall, exports showed a mild setback. The pace of growth appeared the most rapid in 2017 when exports increased by 12,416% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) and the UK (X units) were the main destinations of dry-cleaning machine exports from Norway. Moreover, dry-cleaning machine exports in Sweden exceeded the figures recorded by the second-largest exporter, the UK, twofold.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +9.1%).

In value terms, Poland ($X) remains the key foreign market for dry-cleaning machines exports from Norway, comprising 54% of total exports. The second position in the ranking was held by the UK ($X), with a 22% share of total exports. It was followed by Sweden, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+3.0% per year) and Sweden (+12.9% per year).

Export Prices by Country

The average dry-cleaning machine export price stood at $X per unit in 2021, falling by -8.6% against the previous year. In general, the export price, however, saw a measured increase. The pace of growth appeared the most rapid in 2020 an increase of 131%. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+73.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dry-Cleaning Machine Imports

Imports into Norway

For the fifth year in a row, Norway recorded decline in supplies from abroad of dry-cleaning machines, which decreased by 0% to X units in 2021. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2016 when imports increased by 648% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports declined remarkably to $X in 2021. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 151%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), Germany (X units) and Italy (X units) were the main suppliers of dry-cleaning machine imports to Norway, with a combined 54% share of total imports. Moreover, dry-cleaning machine imports in Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +16.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of dry-cleaning machines to Norway, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by China, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-29.8% per year) and China (+10.8% per year).

Import Prices by Country

In 2021, the average dry-cleaning machine import price amounted to $X per unit, waning by -66.2% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 760%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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