Norway: Electroplating Machine Market 2024

Electroplating Machine Market Size in Norway

In 2021, the Norwegian electroplating machine market increased by 690% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electroplating Machine Production in Norway

In value terms, electroplating machine production contracted slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 2.7% against the previous year. Electroplating machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electroplating Machine Exports

Exports from Norway

For the fourth consecutive year, Norway recorded growth in overseas shipments of machines for electroplating, electrolysis or electrophoresis, which increased by 260% to X units in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by 975% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electroplating machine exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 912% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for electroplating machine exports from Norway, with a 59% share of total exports. Moreover, electroplating machine exports to the UK exceeded the volume sent to the second major destination, the United States (X units), sevenfold. The third position in this ranking was held by France (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +191.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.1% per year) and France (+84.8% per year).

In value terms, the UK ($X) emerged as the key foreign market for electroplating machine exports from Norway, comprising 55% of total exports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total exports. It was followed by Denmark, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +191.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+52.6% per year) and Denmark (+35.1% per year).

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, surging by 17% against the previous year. Overall, the export price, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 404%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to the United States ($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 the UK (+0.2%), while the prices for the other major destinations experienced a decline.

Electroplating Machine Imports

Imports into Norway

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 858% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electroplating machine imports soared to $X in 2021. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X units), Belgium (X units) and Sweden (X units) were the main suppliers of electroplating machine imports to Norway, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +117.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of electroplating machine to Norway, comprising 49% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports. It was followed by Canada, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +114.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+24.0% per year) and Canada (+75.4% per year).

Import Prices by Country

In 2021, the average electroplating machine import price amounted to $X per unit, falling by -26.4% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 56%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+67.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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