Norway: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Norway

The Norwegian industrial sewing machines (non-automatic) market dropped sharply to $X in 2022, which is down by -40.7% 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, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Norway

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported from Norway; rising by 45% on the previous year. Overall, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports soared to $X in 2022. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for industrial sewing machines (non-automatic) exports from Norway, accounting for a 53% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Denmark (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.7% per year) and Denmark (+27.1% per year).

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Norway were Germany ($X), Denmark ($X) and Iceland ($X), together comprising 65% of total exports. Lithuania, Poland, the Netherlands, Romania, Sweden, Guinea and Liberia lagged somewhat behind, together comprising a further 29%.

Romania, with a CAGR of +681.3%, recorded 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 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, growing by 269% against the previous year. Over the period under review, the export price, however, showed a deep slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per unit), while the average price for exports to Liberia ($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 Greenland (+209.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Norway

In 2022, supplies from abroad of industrial sewing machines (non-automatic) decreased by -49.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 98%. As a result, imports reached the peak of X units, and then fell markedly in the following year.

In value terms, industrial sewing machines (non-automatic) imports fell markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2019 when imports increased by 66%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Norway, accounting for a 46% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Poland (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.8% per year) and Poland (+35.7% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Norway, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.0% per year) and Taiwan (Chinese) (+8.8% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, jumping by 62% against the previous year. Overall, the import price, however, showed a pronounced downturn. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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