Norway: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Norway

The Norwegian wood milling machine market soared to $X in 2021, growing by 95% 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 showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Milling Machine Exports

Exports from Norway

In 2021, after two years of growth, there was significant decline in shipments abroad of planing, milling or moulding machines, when their volume decreased by -81.5% to X units. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 270% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wood milling machine exports dropped sharply to $X in 2021. Overall, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2015 when exports increased by 271%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for wood milling machine exports from Norway, accounting for a 66% share of total exports. Moreover, wood milling machine exports to Sweden exceeded the volume sent to the second major destination, Estonia (X units), sevenfold. Spain (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to -17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-33.3% per year) and Spain (0.0% per year).

In value terms, the largest markets for wood milling machine exported from Norway were Sweden ($X), Estonia ($X) and Finland ($X), with a combined 79% share of total exports.

Finland, with a CAGR of +24.7%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, rising by 69% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 188%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to France ($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 Estonia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Norway

In 2021, wood milling machine imports into Norway surged to X units, growing by 66% on the year before. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 128%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to Norway, with a 73% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+42.1% per year) and Germany (-4.4% per year).

In value terms, the largest wood milling machine suppliers to Norway were Germany ($X), Sweden ($X) and the United States ($X), together comprising 67% of total imports. China, Taiwan (Chinese) and Italy lagged somewhat behind, together accounting for a further 20%.

Taiwan (Chinese), with a CAGR of +35.8%, recorded the highest rates of growth with regard to 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

The average wood milling machine import price stood at $X per unit in 2021, growing by 19% against the previous year. In general, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 87% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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