Norway: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in Norway

The Norwegian self-propelled excavating machinery market skyrocketed to $X in 2021, picking up by 80% 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). Over the period under review, consumption, however, showed a pronounced contraction. Self-propelled excavating machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports from Norway

Self-propelled excavating machinery exports from Norway reduced to X units in 2021, waning by -6.5% compared with the previous year's figure. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 106%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports reduced markedly to $X in 2021. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 146% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X units), Iraq (X units) and Sweden (X units) were the main destinations of self-propelled excavating machinery exports from Norway, with a combined 62% share of total exports. Poland, Slovenia, Bosnia and Herzegovina, Estonia and the Czech Republic lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for self-propelled earth moving, excavating machinery exports from Norway, comprising 37% of total exports. The second position in the ranking was taken by Slovenia ($X), with an 18% share of total exports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled -21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+15.8% per year) and Denmark (-2.3% per year).

Export Prices by Country

In 2021, the average self-propelled excavating machinery export price amounted to $X per unit, with a decrease of -36.9% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2013 an increase of 124%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Ghana (+704.4%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports into Norway

Self-propelled excavating machinery imports into Norway surged to X units in 2021, rising by 84% against the year before. In general, imports, however, recorded a slight slump. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2021. Overall, imports, however, recorded a deep reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of self-propelled excavating machinery to Norway, with a 59% share of total imports. Moreover, self-propelled excavating machinery imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. Germany (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-5.2% per year) and Germany (+19.1% per year).

In value terms, Sweden ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Norway, comprising 42% of total imports. The second position in the ranking was held by Finland ($X), with a 20% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+10.3% per year) and Germany (-7.0% per year).

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, reducing by -20.5% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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