Norway: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Norway

The Norwegian non-numerically controlled drilling machine market soared to $X in 2021, rising by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a strong expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Norway

In 2021, approx. X tons of non-numerically controlled drilling machines for working metal were exported from Norway; growing by 614% against the year before. Overall, exports, however, saw a pronounced reduction. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 925% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for non-numerically controlled drilling machine exports from Norway, accounting for a 49% share of total exports. Moreover, non-numerically controlled drilling machine exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +113.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-15.6% per year) and Sweden (+12.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Norway, comprising 65% of total exports. The second position in the ranking was held by the UK ($X), with a 21% share of total exports. It was followed by Sweden, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +87.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+26.7% per year) and Sweden (+23.3% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, declining by -20.6% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 832%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Iceland ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Norway

Non-numerically controlled drilling machine imports into Norway skyrocketed to X tons in 2021, picking up by 19% against the year before. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 76%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports skyrocketed to $X in 2021. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 98% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Norway, accounting for a 51% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.3% per year) and Italy (+57.4% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Norway, comprising 51% of total imports. The second position in the ranking was held by the UK ($X), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.2% per year) and Italy (+61.8% per year).

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, surging by 42% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-numerically controlled drilling machine import price increased by +96.9% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 45%. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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