Norway: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Norway

The Norwegian machine-tool for working wood market soared to $X in 2021, jumping by 31% 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, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Machine-tool for working wood consumption peaked in 2021 and is likely to continue growth in the near future.

Exports of Machine-Tools For Working Wood

Exports from Norway

In 2021, the amount of machine-tools for working wood exported from Norway expanded remarkably to X tons, growing by 7.5% on the previous year's figure. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports shrank remarkably to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 38%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for machine-tool for working wood exports from Norway, accounting for a 55% share of total exports. Moreover, machine-tool for working wood exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), eightfold. Finland (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.2% per year) and Finland (-6.9% per year).

In value terms, Sweden ($X) remains the key foreign market for machine-tools for working wood exports from Norway, comprising 38% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.9% per year) and Germany (+2.5% per year).

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, waning by -39.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 27%. The export price peaked at $X per ton in 2020, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Norway

In 2021, the amount of machine-tools for working wood imported into Norway soared to X tons, rising by 18% compared with the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for working wood imports surged to $X in 2021. Overall, imports, however, saw a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Norway, accounting for a 53% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.9% per year) and Germany (+1.0% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest machine-tool for working wood suppliers to Norway, with a combined 65% share of total imports.

Among the main suppliers, China, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, growing by 11% against the previous year. In general, the import price, however, saw a mild setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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