Norway: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Norway

In 2021, after three years of growth, there was significant decline in the Norwegian metal sawing machine market, when its value decreased by -73.4% to $X. Overall, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Metal Sawing Machine Exports

Exports from Norway

In 2021, exports of sawing or cutting-off machines for working metal from Norway soared to X units, with an increase of 129% against 2020. In general, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 186%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal sawing machine exports surged to $X in 2021. Over the period under review, exports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 116%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X units) was the main destination for metal sawing machine exports from Norway, accounting for a 49% share of total exports. Moreover, metal sawing machine exports to Finland exceeded the volume sent to the second major destination, Iceland (X units), fourfold. The third position in this ranking was taken by Sweden (X units), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+41.8% per year) and Sweden (-10.9% per year).

In value terms, the largest markets for metal sawing machine exported from Norway were the UK ($X), the Netherlands ($X) and Iceland ($X), with a combined 62% share of total exports. These countries were followed by Australia, Germany, Finland, Poland, Sweden, Denmark, Spain, Bosnia and Herzegovina and Romania, which together accounted for a further 28%.

Bosnia and Herzegovina, with a CAGR of +149.2%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average metal sawing machine export price amounted to $X per unit, waning by -41.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 124%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Finland ($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 the Netherlands (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into Norway

In 2021, overseas purchases of sawing or cutting-off machines for working metal decreased by -72.2% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 194%. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, metal sawing machine imports shrank sharply to $X in 2021. In general, imports saw a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 51% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal sawing machine supplier to Norway, with a 51% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.5% per year) and Italy (+3.7% per year).

In value terms, the largest metal sawing machine suppliers to Norway were Germany ($X), Italy ($X) and the Czech Republic ($X), together accounting for 61% of total imports.

Italy, with a CAGR of +0.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, surging by 105% against the previous year. Overall, the import price showed a prominent increase. The growth pace was the most rapid in 2013 an increase of 113%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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