Norway: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Norway

The Norwegian cable-making machine market fell significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then fell remarkably in the following year.

Cable-Making Machine Production in Norway

In value terms, cable-making machine production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Cable-Making Machine Exports

Exports from Norway

In 2022, overseas shipments of rope or cable-making machines increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a temperate increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cable-making machine exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for cable-making machine exports from Norway, with a X% share of total exports. Moreover, cable-making machine exports to the UK exceeded the volume sent to the second major destination, Spain (X units), sixfold. The Netherlands (X units) ranked third in terms of total exports with an X% share.

From 2013 to 2022, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X), the UK ($X) and the Netherlands ($X) appeared to be the largest markets for cable-making machine exported from Norway worldwide, together accounting for X% of total exports.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 2022, the average cable-making machine export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, 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 Spain ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Norway

In 2022, cable-making machine imports into Norway dropped markedly to X units, waning by X% on 2021 figures. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, cable-making machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest cable-making machine supplier to Norway, accounting for a X% share of total imports. Moreover, cable-making machine imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and France (X% per year).

In value terms, Austria ($X), Germany ($X) and the UK ($X) appeared to be the largest cable-making machine suppliers to Norway, with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, saw 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

The average cable-making machine import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 Austria ($X per unit), while the price for Japan ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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