Norway: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Norway

In 2021, after two years of decline, there was significant growth in the Norwegian steam blasting machine market, when its value increased by 37% to $X. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steam Blasting Machine Exports

Exports from Norway

Steam blasting machine exports from Norway expanded sharply to X units in 2021, increasing by 12% compared with 2020. In general, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by 135% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam blasting machine exports soared to $X in 2021. Over the period under review, exports recorded a perceptible expansion. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for steam blasting machine exports from Norway, with a 64% share of total exports. Moreover, steam blasting machine exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), threefold. Turkey (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.4% per year) and Turkey (+70.2% per year).

In value terms, Turkey ($X) emerged as the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Norway, comprising 51% of total exports. The second position in the ranking was held by Sweden ($X), with a 20% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +72.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-6.3% per year) and the UK (+17.5% per year).

Export Prices by Country

In 2021, the average steam blasting machine export price amounted to $X per unit, growing by 82% against the previous year. In general, the export price continues to indicate a buoyant increase. As a result, the export price attained 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 Turkey ($X per unit), while the average price for exports to Germany ($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 Sweden (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Steam Blasting Machine Imports

Imports into Norway

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported into Norway; growing by 14% against the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when imports increased by 15%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, steam blasting machine imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Norway, with a 65% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by Germany (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.7% per year) and Germany (-10.7% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest steam blasting machine suppliers to Norway, with a combined 74% share of total imports.

In terms of the main suppliers, China, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, surging by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. 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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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