Norway: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Norway

The Norwegian stone polishing machine market expanded modestly to $X in 2022, picking up by 2.2% 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, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Stone Polishing Machine Exports

Exports from Norway

In 2022, after three years of growth, there was significant decline in shipments abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -81.4% to X units. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 80% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports dropped sharply to $X in 2022. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 195% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units), Luxembourg (X units) and Croatia (X units) were the main destinations of stone polishing machine exports from Norway, with a combined 75% share of total exports. Denmark and Lithuania lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Norway, comprising 77% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.7% share of total exports. It was followed by Luxembourg, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Croatia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-35.6% per year) and Luxembourg (0.0% per year).

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, waning by -22.2% against the previous year. Over the period under review, the export price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 127%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Denmark ($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 France (+12.8%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Norway

In 2022, supplies from abroad of grinding or polishing machines for working stone, ceramics and concrete decreased by -0.7% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 181% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stone polishing machine imports stood at $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Denmark (X units) and the UK (X units) were the main suppliers of stone polishing machine imports to Norway, together accounting for 58% of total imports. Germany, the United States, Spain, Bulgaria, Italy, Sweden and Austria lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +56.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Bulgaria ($X) and China ($X) appeared to be the largest stone polishing machine suppliers to Norway, together comprising 72% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +72.3%, recorded the highest growth rate of 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 stone polishing machine import price stood at $X per unit in 2022, approximately reflecting the previous year. In general, the import price, however, showed a deep setback. The pace of growth was the most pronounced in 2015 an increase of 69%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :