Norway: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Norway

The Norwegian filling containers machinery market expanded rapidly to $X in 2021, with an increase of 12% 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). Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.1% against 2015 indices. Filling containers machinery consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Filling Containers Machinery Exports

Exports from Norway

For the third consecutive year, Norway recorded growth in overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers, which increased by 310% to X units in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,250% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, filling containers machinery exports soared to $X in 2021. In general, exports saw resilient growth. The growth pace was the most rapid in 2017 when exports increased by 303%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for filling containers machinery exports from Norway, with a 54% share of total exports. Moreover, filling containers machinery exports to Russia exceeded the volume sent to the second major destination, Sweden (X units), threefold. Denmark (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +54.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+17.1% per year) and Denmark (+31.5% per year).

In value terms, Russia ($X) emerged as the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Norway, comprising 57% of total exports. The second position in the ranking was held by Sweden ($X), with a 16% share of total exports. It was followed by Denmark, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+11.3% per year) and Denmark (+13.9% per year).

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, with a decrease of -66.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 351%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Chile ($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 Sweden (-5.0%), while the prices for the other major destinations experienced a decline.

Filling Containers Machinery Imports

Imports into Norway

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers imported into Norway skyrocketed to X units, with an increase of 24% against 2020. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 49%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, filling containers machinery imports declined slightly to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of filling containers machinery to Norway, accounting for a 71% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. The third position in this ranking was taken by South Korea (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.5% per year) and South Korea (+72.1% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Norway, comprising 33% of total imports. The second position in the ranking was held by Sweden ($X), with a 14% share of total imports. It was followed by Israel, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-5.5% per year) and Israel (+11.9% per year).

Import Prices by Country

In 2021, the average filling containers machinery import price amounted to $X per unit, declining by -21% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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