Norway: Non-Electric Pulley Tackle Market 2025

Non-Electric Pulley Tackle Market Size in Norway

In 2022, the Norwegian non-electric pulley tackle market decreased by -44.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports from Norway

In 2022, overseas shipments of pulley tackle and hoists, non-powered by electric motor were finally on the rise to reach X units after two years of decline. In general, exports, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 95% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced reduction. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of non-electric pulley tackle exports from Norway, together comprising 69% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +54.5%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Norway, comprising 56% of total exports. The second position in the ranking was held by Denmark ($X), with a 6.7% share of total exports. It was followed by Indonesia, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-1.6% per year) and Indonesia (+27.0% per year).

Export Prices by Country

In 2022, the average non-electric pulley tackle export price amounted to $X per unit, picking up by 4.4% against the previous year. In general, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 an increase of 46%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Norway

In 2022, after two years of growth, there was significant decline in purchases abroad of pulley tackle and hoists, non-powered by electric motor, when their volume decreased by -36.5% to X units. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 108%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle imports contracted significantly to $X in 2022. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric pulley tackle to Norway, accounting for a 45% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.4% per year) and Taiwan (Chinese) (-11.9% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) constituted the largest non-electric pulley tackle suppliers to Norway, with a combined 48% share of total imports. Sweden, Denmark, Italy, Taiwan (Chinese), Hong Kong SAR and Finland lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +18.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, dropping by -3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 48%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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