Norway: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Norway

The Norwegian market for machine-tools for working stone, ceramics, and concrete surged to $X in 2022, with an increase of 66% 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 recorded a strong increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Norway

After four years of growth, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -90.6% to X units in 2022. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2015 with an increase of 77% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports stood at $X in 2022. In general, exports recorded a sharp setback. The growth pace was the most rapid in 2019 when exports increased by 1,666% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for machine tools for working stone exports from Norway, with a 83% share of total exports. Moreover, machine tools for working stone exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), eightfold. The third position in this ranking was held by Poland (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at -28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-16.9% per year) and Poland (-28.8% per year).

In value terms, Sweden ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Norway, comprising 54% of total exports. The second position in the ranking was held by Denmark ($X), with an 18% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.1% per year) and Germany (-28.2% per year).

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, increasing by 1,015% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,512%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($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 Germany (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Norway

For the fourth consecutive year, Norway recorded growth in overseas purchases of machine-tools for working stone, ceramics, and concrete, which increased by 34% to X units in 2022. Over the period under review, imports saw a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, machine tools for working stone imports soared to $X in 2022. Overall, imports saw perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of machine tools for working stone to Norway, with a 73% share of total imports. Moreover, machine tools for working stone imports from Sweden exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by China (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and China (-9.7% per year).

In value terms, Sweden ($X), Italy ($X) and China ($X) were the largest machine tools for working stone suppliers to Norway, together comprising 85% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +16.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, growing by 2.3% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tools for working stone import price decreased by -36.6% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 68%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average 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 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 China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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