Norway: Machinery For Packing Market 2024

Machinery For Packing Market Size in Norway

The Norwegian machinery for packing market declined significantly to $X in 2022, waning by -30.1% against the previous year. Over the period under review, consumption saw a abrupt decrease. Machinery for packing consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Machinery For Packing Production in Norway

In value terms, machinery for packing production contracted to $X in 2022 estimated in export price. Overall, production faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 7.4%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Machinery For Packing Exports

Exports from Norway

Machinery for packing exports from Norway surged to X units in 2022, picking up by 163% compared with 2021. Overall, exports posted a noticeable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machinery for packing exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Belgium (X units) and Sweden (X units) were the main destinations of machinery for packing exports from Norway, together accounting for 65% of total exports. Romania, the Netherlands, Denmark, Poland, South Africa and Russia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +81.7%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for machinery for packing or wrapping exports from Norway, comprising 37% of total exports. The second position in the ranking was held by Romania ($X), with a 13% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+85.0% per year) and Sweden (-9.2% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, declining by -4.3% against the previous year. In general, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Germany ($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 Poland (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Norway

Machinery for packing imports into Norway declined to X units in 2022, reducing by -4.1% on the year before. Overall, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports reduced slightly to $X in 2022. Over the period under review, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 52%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of machinery for packing imports to Norway, together comprising 52% of total imports. The Netherlands, Sweden, Denmark, France, Taiwan (Chinese), Switzerland, Finland, the UK, the United States and Hong Kong SAR lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the largest machinery for packing suppliers to Norway, with a combined 56% share of total imports.

In terms of the main suppliers, France, with a CAGR of +18.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 39%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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