Norway: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Norway

In 2022, the Norwegian market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -4% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Norway

Exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Norway surged to X units in 2022, picking up by 63% against the previous year. In general, exports recorded a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by 117%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids dropped markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 116%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Sweden (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Norway, accounting for a 73% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Sweden exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.8% per year) and the Netherlands (+14.7% per year).

In value terms, Sweden ($X) remains the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from Norway, comprising 65% of total exports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total exports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.6% per year) and the Netherlands (+11.6% per year).

Export Prices by Country

In 2022, the average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, which is down by -59.4% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 179%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Mexico (+312.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Norway

Imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids into Norway shrank slightly to X units in 2022, which is down by -4.4% on the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 17%. Over the period under review, imports of reached the peak figure at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids rose to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 26% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Norway, together accounting for 54% of total imports. Finland, the UK, Denmark, Sweden, the United States and Austria lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Norway were the UK ($X), Germany ($X) and Sweden ($X), with a combined 47% share of total imports. Finland, Italy, Denmark, Austria, China and the United States lagged somewhat behind, together accounting for a further 33%.

Italy, with a CAGR of +13.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, rising by 6.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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