Norway: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Norway

In 2022, the Norwegian market for lifts, elevators, moving stairways and draglines increased by 8.7% to $X, rising for the second year in a row after four years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Lifts, Elevators, Moving Stairways and Draglines in Norway

In value terms, lift, elevator, stairway and dragline production stood at less than $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 448%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Norway

In 2022, the amount of lifts, elevators, moving stairways and draglines exported from Norway contracted rapidly to X units, waning by -50.6% compared with the previous year. Overall, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 54%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline exports contracted markedly to $X in 2022. Over the period under review, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2015 when exports increased by 83%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units), the Netherlands (X units) and France (X units) were the main destinations of lift, elevator, stairway and dragline exports from Norway, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +53.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift, elevator, stairway and dragline exported from Norway were the Netherlands ($X), the UK ($X) and Sweden ($X), together accounting for 67% of total exports. China, Poland, Spain, Iceland, France, Lithuania, Germany, Nigeria, Curacao and Finland lagged somewhat behind, together comprising a further 23%.

China, with a CAGR of +81.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, rising by 26% against the previous year. Over the period under review, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 101%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Curacao ($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 China (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Norway

In 2022, supplies from abroad of lifts, elevators, moving stairways and draglines increased by 7% to X units, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, lift, elevator, stairway and dragline imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Finland (X units) and Sweden (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Norway, together comprising 38% of total imports. Germany, China, Spain, Denmark, Canada, Slovakia, Italy, the United States, France and the UK lagged somewhat behind, together comprising a further 54%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +90.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift, elevator, stairway and dragline suppliers to Norway were Spain ($X), Finland ($X) and Slovakia ($X), with a combined 37% share of total imports.

Slovakia, with a CAGR of +81.5%, recorded 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 import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, with a decrease of -5.4% against the previous year. In general, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while the price for Canada ($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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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