Norway: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Norway

In 2021, the Norwegian market for parts of harvester and threshers increased by 5.8% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a relatively flat trend pattern. Parts of harvester and threshers consumption peaked in 2021 and is likely to continue growth in the near future.

Exports of Parts Of Harvester And Threshers

Exports from Norway

Parts of harvester and threshers exports from Norway dropped markedly to X units in 2021, falling by -17.3% on the year before. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 285% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports declined dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 138%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for parts of harvester and threshers exports from Norway, with a 23% share of total exports. Moreover, parts of harvester and threshers exports to Sweden exceeded the volume sent to the second major destination, Finland (X units), twofold. The third position in this ranking was held by South Africa (X units), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-3.7% per year) and South Africa (-16.6% per year).

In value terms, Sweden ($X), Finland ($X) and Taiwan (Chinese) ($X) constituted the largest markets for parts of harvester and threshers exported from Norway worldwide, with a combined 28% share of total exports.

Taiwan (Chinese), with a CAGR of +145.2%, saw the highest rates of growth with regard to 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

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, with a decrease of -20.8% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 84% against the previous year. The export price peaked at $X per unit in 2020, and then reduced sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Poland ($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 Taiwan (Chinese) (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Norway

Parts of harvester and threshers imports into Norway rose to X units in 2021, increasing by 4.6% on the previous year's figure. Overall, imports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 8.8%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports expanded slightly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 15%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X units), Denmark (X units) and the Czech Republic (X units) were the main suppliers of parts of harvester and threshers imports to Norway, together comprising 48% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and Sweden ($X) were the largest parts of harvester and threshers suppliers to Norway, with a combined 41% share of total imports. These countries were followed by the UK, the United States, Poland, Italy, the Czech Republic, Hungary, the Netherlands, Finland, China and Slovenia, which together accounted for a further 50%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +46.6%, recorded the highest growth rate of the value of imports, 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 import price for parts of harvester and threshers amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 an increase of 17%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 the Netherlands ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform