Norway: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Norway

In 2021, the Norwegian mobile lifting frame market increased by 41% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Mobile Lifting Frame Production in Norway

In value terms, mobile lifting frame production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Mobile Lifting Frame Exports

Exports from Norway

After five years of growth, overseas shipments of mobile lifting frames on tyres and straddle carriers decreased by -74.6% to X units in 2021. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 1,870% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, mobile lifting frame exports shrank remarkably to $X in 2021. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 1,915%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units), the Netherlands (X units) and Sweden (X units) were the main destinations of mobile lifting frame exports from Norway, with a combined 89% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +23.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Portugal ($X) constituted the largest markets for mobile lifting frame exported from Norway worldwide, with a combined 80% share of total exports.

Sweden, with a CAGR of +13.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, growing by 15% against the previous year. Overall, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2013 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Bulgaria ($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 Finland (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into Norway

After three years of decline, overseas purchases of mobile lifting frames on tyres and straddle carriers increased by 675% to X units in 2021. In general, imports recorded mild growth. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, mobile lifting frame imports skyrocketed to $X in 2021. Overall, imports enjoyed a measured increase. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of mobile lifting frame to Norway, accounting for a 71% share of total imports. Moreover, mobile lifting frame imports from Italy exceeded the figures recorded by the second-largest supplier, Sweden (X units), eightfold. The third position in this ranking was taken by Finland (X units), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+32.9% per year) and Finland (-12.0% per year).

In value terms, Italy ($X) constituted the largest supplier of mobile lifting frames on tyres and straddle carriers to Norway, comprising 78% of total imports. The second position in the ranking was held by Sweden ($X), with an 8.5% share of total imports. It was followed by the UK, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+25.7% per year) and the UK (-5.5% per year).

Import Prices by Country

The average mobile lifting frame import price stood at $X per unit in 2021, reducing by -2.5% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mobile lifting frame import price decreased by -8.9% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 76%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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