Norway: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Norway

In 2021, the Norwegian market for equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Norway

In value terms, scaffolding, shuttering, and propping equipment production fell slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 4.5%. Scaffolding, shuttering, and propping equipment production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Norway

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping exported from Norway skyrocketed to X tons, jumping by 37% compared with 2020 figures. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of 63% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports soared to $X in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Sweden (X tons) and Austria (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Norway, with a combined 71% share of total exports. These countries were followed by Poland, the Netherlands, the UK, Finland and Denmark, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +32.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Norway were Germany ($X), Sweden ($X) and Austria ($X), together accounting for 66% of total exports. Finland, Poland, the UK, Denmark and the Netherlands lagged somewhat behind, together accounting for a further 21%.

Finland, with a CAGR of +40.2%, saw the highest rates of growth with regard to 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 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 31%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Norway

After two years of decline, purchases abroad of equipment for scaffolding, shuttering, propping or pit propping increased by 1.7% to X tons in 2021. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and Poland (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Norway, with a combined 52% share of total imports. Austria, Denmark, Italy, Portugal, Latvia, Romania, China, Switzerland, the Czech Republic and Serbia lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +81.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Norway were Germany ($X), Sweden ($X) and Poland ($X), with a combined 54% share of total imports. Austria, Denmark, Latvia, Italy, Switzerland, China, Romania, Portugal, the Czech Republic and Serbia lagged somewhat behind, together comprising a further 38%.

Portugal, with a CAGR of +54.4%, saw the highest growth rate of the value of imports, in terms of 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 import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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