Norway: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Norway

In 2022, the Norwegian injection-moulding machine market decreased by -11.3% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Injection-Moulding Machine Production in Norway

In value terms, injection-moulding machine production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The growth pace was the most rapid in 2020 when the production volume increased by 78%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Injection-Moulding Machine Exports

Exports from Norway

In 2022, overseas shipments of injection-moulding machines for working rubber or plastics increased by 463% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a slight expansion. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, injection-moulding machine exports dropped remarkably to $X in 2022. In general, exports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2019 when exports increased by 175% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), India (X units) and Rwanda (X units) were the main destinations of injection-moulding machine exports from Norway, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +45.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for injection-moulding machine exported from Norway were Indonesia ($X), India ($X) and Rwanda ($X), together comprising 87% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +14.4%, 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 injection-moulding machine export price amounted to $X per unit, reducing by -90.9% against the previous year. Overall, the export price showed a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 787% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the Dominican Republic ($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 India (+0.7%), while the prices for the other major destinations experienced a decline.

Injection-Moulding Machine Imports

Imports into Norway

In 2022, overseas purchases of injection-moulding machines for working rubber or plastics decreased by -62.5% to X units, falling for the third year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 305% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, injection-moulding machine imports dropped remarkably to $X in 2022. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2013 when imports increased by 676%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Denmark (X units), Austria (X units) and France (X units) were the main suppliers of injection-moulding machine imports to Norway, with a combined 62% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Austria ($X) and Switzerland ($X) appeared to be the largest injection-moulding machine suppliers to Norway, with a combined 92% share of total imports. Germany, China, the Netherlands, France, the UK, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 7.8%.

China, with a CAGR of +36.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average injection-moulding machine import price amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 123% against the previous year. The import price peaked at $X per unit in 2018; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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