Report Update Nov 1, 2024

Norway - Honing or Lapping Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Norway

In 2021, after two years of growth, there was significant decline in the Norwegian metal honing machine market, when its value decreased by -9.1% to $X. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Metal Honing Machine Exports

Exports from Norway

In 2021, the amount of honing or lapping machines for working metal exported from Norway declined dramatically to X units, with a decrease of -29.8% on the previous year. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 2,900%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal honing machine exports dropped significantly to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 5,937% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Mozambique (X units) and Russia (X units) were the main destinations of metal honing machine exports from Norway.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal honing machine exported from Norway were Indonesia ($X), Russia ($X) and Mozambique ($X).

Russia, with a CAGR of +172.3%, saw the highest rates of growth with regard to the value of exports, among 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 metal honing machine export price amounted to $X per unit, declining by -42% against the previous year. In general, the export price faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,275% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Mozambique ($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 Russia (+136.0%), while the prices for the other major destinations experienced a decline.

Metal Honing Machine Imports

Imports into Norway

In 2021, purchases abroad of honing or lapping machines for working metal decreased by -10.4% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 360%. Imports peaked at X units in 2020, and then fell in the following year.

In value terms, metal honing machine imports dropped slightly to $X in 2021. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 524% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest metal honing machine supplier to Norway, with a 57% share of total imports. Moreover, metal honing machine imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.4% per year) and Italy (+7.4% per year).

In value terms, the UK ($X), Italy ($X) and China ($X) appeared to be the largest metal honing machine suppliers to Norway, with a combined 83% share of total imports.

In terms of the main suppliers, China, with a CAGR of +25.3%, saw 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 metal honing machine import price stood at $X per unit in 2021, picking up by 9.7% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The growth pace was the most rapid in 2017 when the average import price increased by 557% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honing or lapping machines for working metal in the world?

The country with the largest volume of metal honing machine consumption was the United States, accounting for 30% of total volume. Moreover, metal honing machine consumption in the United States exceeded the figures recorded by the second-largest consumer, Italy, threefold. Japan ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of honing or lapping machines for working metal in the world?

The United States constituted the country with the largest volume of metal honing machine production, accounting for 41% of total volume. Moreover, metal honing machine production in the United States exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was occupied by Taiwan Chinese), with a 12% share.

What are the leading suppliers of honing or lapping machines for working metal to Norway?

In value terms, the largest metal honing machine suppliers to Norway were Switzerland, the United States and Italy, together comprising 81% of total imports. China, Germany, Canada and Taiwan Chinese) lagged somewhat behind, together comprising a further 8.1%.

What are the leading importers of honing or lapping machines for working metal from Norway?

It was followed by Sweden, with a 7.4% share.

What is the average export price for honing or lapping machines for working metal in Norway?

The average metal honing machine export price stood at $997 per unit in 2021, with a decrease of -94.9% against the previous year.

What is the average import price for honing or lapping machines for working metal in Norway?

In 2021, the average metal honing machine import price amounted to $1,260 per unit, declining by -32.9% against the previous year.

This report provides an in-depth analysis of the metal honing machine market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412385 - Honing or lapping machines for working metal

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023