Norway: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in Norway

In 2021, the Norwegian mounting lifting equipment market decreased by -12.4% to $X, falling for the second consecutive year after four years of growth. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.6% against 2019 indices. Mounting lifting equipment consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Mounting Lifting Equipment Exports

Exports from Norway

In 2021, mounting lifting equipment exports from Norway contracted to X units, shrinking by -10.8% against the previous year. Overall, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 87%. The exports peaked at X units in 2020, and then contracted in the following year.

In value terms, mounting lifting equipment exports dropped to $X in 2021. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 126% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Sweden (X units) was the main destination for mounting lifting equipment exports from Norway, with a 31% share of total exports. Moreover, mounting lifting equipment exports to Sweden exceeded the volume sent to the second major destination, Estonia (X units), twofold. Denmark (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+0.8% per year) and Denmark (+30.7% per year).

In value terms, the largest markets for mounting lifting equipment exported from Norway were Denmark ($X), Sweden ($X) and Estonia ($X), with a combined 68% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +98.9%, saw the highest growth rate of 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 2021, the average mounting lifting equipment export price amounted to $X per unit, leveling off at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 105%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Afghanistan ($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 Brazil (+313.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Norway

In 2021, mounting lifting equipment imports into Norway stood at X units, growing by 3.9% against the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, mounting lifting equipment imports declined rapidly to $X in 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.7% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X units), Sweden (X units) and Italy (X units) were the main suppliers of mounting lifting equipment imports to Norway, with a combined 60% share of total imports. Austria, Finland, France, Poland, Belgium, Estonia and Spain lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mounting lifting equipment suppliers to Norway were Austria ($X), Italy ($X) and Denmark ($X), with a combined 57% share of total imports. Sweden, Finland, Poland, France, Spain, Estonia and Belgium lagged somewhat behind, together accounting for a further 34%.

Estonia, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2021, reducing by -19.6% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounting lifting equipment import price decreased by -28.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 24%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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