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

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

The Norwegian numerically controlled drilling machine market contracted significantly to $X in 2021, shrinking by -32.8% 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). Overall, consumption, however, showed a strong increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Norway

In 2021, shipments abroad of numerically controlled drilling machines for working metal increased by 154% to X tons, rising for the seventh year in a row after two years of decline. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for numerically controlled drilling machine exports from Norway, with a 88% share of total exports. Moreover, numerically controlled drilling machine exports to Italy exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +109.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+42.9% per year) and Denmark (-17.1% per year).

In value terms, Italy ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from Norway, comprising 72% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+69.3% per year) and Spain (+3.0% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, dropping by -3.1% against the previous year. In general, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 a decrease of -1.4% against the previous year. The export price peaked at $X per ton 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 Denmark ($X per ton), while the average price for exports to Spain ($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 Turkey (+32.6%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Norway

In 2021, the amount of numerically controlled drilling machines for working metal imported into Norway dropped markedly to X tons, waning by -30.1% against the year before. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 872% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports contracted significantly to $X in 2021. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 746% against the previous year. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of numerically controlled drilling machine imports to Norway, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +32.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and China ($X) appeared to be the largest numerically controlled drilling machine suppliers to Norway, together comprising 90% of total imports.

France, with a CAGR of +28.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, with an increase of 8.1% against the previous year. Over the period under review, the import price recorded slight growth. The pace of growth appeared the most rapid in 2015 an increase of 189%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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