Norway: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Norway

In 2022, after two years of growth, there was decline in the Norwegian agricultural harvester market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Agricultural Harvester Production in Norway

In value terms, agricultural harvester production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Agricultural Harvester Exports

Exports from Norway

In 2022, the amount of agricultural harvesters exported from Norway declined modestly to X units, waning by X% compared with the year before. Over the period under review, exports saw a mild slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, agricultural harvester exports skyrocketed to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland (X units) was the main destination for agricultural harvester exports from Norway, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Poland exceeded the volume sent to the second major destination, Ukraine (X units), twofold. The third position in this ranking was taken by Iceland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Iceland (X% per year).

In value terms, the largest markets for agricultural harvester exported from Norway were Poland ($X), Ukraine ($X) and the UK ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 agricultural harvester export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Norway

In 2022, the amount of agricultural harvesters imported into Norway soared to X units, growing by X% compared with the previous year. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, agricultural harvester imports shrank to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of agricultural harvester to Norway, with a X% share of total imports. Moreover, agricultural harvester imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was taken by the UK (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and the UK (X% per year).

In value terms, Germany ($X) constituted the largest supplier of agricultural harvesters to Norway, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the average agricultural harvester import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, 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 ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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