Norway: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Norway

In 2021, the Norwegian market for in-hand motor grinders, sanders and planers increased by 30% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +111.3% against 2016 indices. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Norway

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Norway reduced to X units, dropping by -10.2% compared with the previous year's figure. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.6% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 78% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of in-hand motor grinders, sanders and planers rose sharply to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.5% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 63% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units), Finland (X units) and Denmark (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Norway, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +38.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Norway, comprising 54% of total exports. The second position in the ranking was held by Finland ($X), with a 27% share of total exports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+38.1% per year) and Denmark (+19.1% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, with an increase of 24% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while the average price for exports to Denmark ($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 Sweden (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Norway

In 2021, overseas purchases of in-hand motor grinders, sanders and planers increased by 6.3% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 33% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. In general, imports enjoyed measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Norway, accounting for a 70% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), tenfold. The third position in this ranking was held by Germany (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-3.2% per year) and Germany (-4.0% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Norway, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.6% share of total imports. It was followed by Malaysia, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and Malaysia (+0.4% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, growing by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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