Norway: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Norway

The Norwegian road tractor for semi-trailer market skyrocketed to $X in 2021, growing by 190% 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 saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Road Tractors For Semi-Trailers

Exports from Norway

In 2021, overseas shipments of road tractors for semi-trailers decreased by -35% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 74%. Over the period under review, the exports hit record highs at X units in 2020, and then declined remarkably in the following year.

In value terms, road tractor for semi-trailer exports contracted to $X in 2021. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 58%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for road tractor for semi-trailer exports from Norway, with a 37% share of total exports. Moreover, road tractor for semi-trailer exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X units), threefold. Poland (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+10.6% per year) and Poland (+37.9% per year).

In value terms, the Netherlands ($X), Sweden ($X) and Finland ($X) constituted the largest markets for road tractor for semi-trailer exported from Norway worldwide, with a combined 68% share of total exports. These countries were followed by Poland, Estonia, Denmark, Germany, Chile, Bolivia, the UK, Jordan and Afghanistan, which together accounted for a further 29%.

In terms of the main countries of destination, Poland, with a CAGR of +54.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average road tractor for semi-trailer export price stood at $X per unit in 2021, increasing by 38% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, road tractor for semi-trailer export price increased by +97.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the UK ($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 Poland (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Norway

In 2021, the amount of road tractors for semi-trailers imported into Norway skyrocketed to X units, growing by 178% compared with the year before. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 754% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, road tractor for semi-trailer imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 732% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Sweden (X units) constituted the largest road tractor for semi-trailer supplier to Norway, accounting for a 77% share of total imports. Moreover, road tractor for semi-trailer imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+45.4% per year) and Germany (+44.8% per year).

In value terms, Sweden ($X) constituted the largest supplier of road tractors for semi-trailers to Norway, comprising 77% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.1% per year) and Germany (+43.0% per year).

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2021, shrinking by -21.1% against the previous year. Overall, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Denmark ($X per unit), while the price for Poland ($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 (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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