Norway: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Norway

The Norwegian scrapers excavator market dropped dramatically to $X in 2022, which is down by -52.2% against the previous year. Over the period under review, consumption saw a drastic downturn. Scrapers excavator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Scrapers Excavator Production in Norway

In value terms, scrapers excavator production contracted notably to $X in 2022 estimated in export price. Overall, production recorded a dramatic curtailment. The pace of growth was the most pronounced in 2015 with a decrease of -6% against the previous year. Scrapers excavator production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Scrapers Excavator Exports

Exports from Norway

In 2022, overseas shipments of scrapers earth moving, excavating, extracting machinery (not self-propelled) were finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 302%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, scrapers excavator exports skyrocketed to $X in 2022. Overall, exports recorded prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 265%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada (X units) was the main destination for scrapers excavator exports from Norway, accounting for a 49% share of total exports. Moreover, scrapers excavator exports to Canada exceeded the volume sent to the second major destination, Denmark (X units), threefold. The UK (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +136.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+62.2% per year) and the UK (+45.7% per year).

In value terms, the largest markets for scrapers excavator exported from Norway were Canada ($X), the UK ($X) and Belgium ($X), together accounting for 83% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +1,080.8%, saw the highest growth rate of 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 scrapers excavator export price stood at $X per unit in 2022, rising by 27% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Lithuania ($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 Germany (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Scrapers Excavator Imports

Imports into Norway

After two years of growth, overseas purchases of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by -13.9% to X units in 2022. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, scrapers excavator imports contracted sharply to $X in 2022. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units) constituted the largest scrapers excavator supplier to Norway, accounting for a 41% share of total imports. Moreover, scrapers excavator imports from Poland exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was taken by Finland (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-4.6% per year) and Finland (+11.0% per year).

In value terms, Sweden ($X), Finland ($X) and Germany ($X) appeared to be the largest scrapers excavator suppliers to Norway, together accounting for 55% of total imports. France, Japan, Poland, Italy, China and Denmark lagged somewhat behind, together accounting for a further 22%.

Japan, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average scrapers excavator import price amounted to $X per unit, shrinking by -4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :