Norway: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2025

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Norway

In 2022, the Norwegian pneumatic tyre retreading machinery market decreased by -26.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Norway

In value terms, pneumatic tyre retreading machinery production surged to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. Pneumatic tyre retreading machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports from Norway

In 2022, exports of machinery for moulding or retreading pneumatic tyres from Norway skyrocketed to X units, increasing by 233% against the previous year. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 500% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pneumatic tyre retreading machinery exports surged to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,024% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for pneumatic tyre retreading machinery exports from Norway, accounting for a 83% share of total exports. Moreover, pneumatic tyre retreading machinery exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +38.0%.

In value terms, Sweden ($X) emerged as the key foreign market for machinery for moulding or retreading pneumatic tyres exports from Norway, comprising 84% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +22.8%.

Export Prices by Country

The average pneumatic tyre retreading machinery export price stood at $X per unit in 2022, increasing by 34% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 235%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Denmark amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+5.3%).

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports into Norway

Pneumatic tyre retreading machinery imports into Norway dropped sharply to X units in 2022, which is down by -95.8% compared with the previous year's figure. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 1,489%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pneumatic tyre retreading machinery imports declined sharply to $X in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 365%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), Sweden (X units) and Germany (X units) were the main suppliers of pneumatic tyre retreading machinery imports to Norway, with a combined 93% share of total imports. Moreover, pneumatic tyre retreading machinery imports in the United States exceeded the figures recorded by the second-largest supplier, Sweden, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -6.7%), while imports for the other leaders experienced a decline.

In value terms, Sweden ($X) constituted the largest supplier of machinery for moulding or retreading pneumatic tyres to Norway, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.7% per year) and Germany (-12.5% per year).

Import Prices by Country

The average pneumatic tyre retreading machinery import price stood at $X per unit in 2022, growing by 290% against the previous year. Overall, the import price showed strong growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 854% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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