Norway: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Norway

The Norwegian metal threading machine market expanded notably to $X in 2021, growing by 15% 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). In general, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Threading Machine Exports

Exports from Norway

In 2021, after two years of growth, there was significant decline in overseas shipments of threading or tapping machines for working metal, when their volume decreased by -66.7% to X units. In general, exports faced a dramatic contraction. The growth pace was the most rapid in 2015 with an increase of 380%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal threading machine exports amounted to $X in 2021. Overall, exports faced a dramatic downturn. The growth pace was the most rapid in 2015 with an increase of 471% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X units) was the main destination for metal threading machine exports from Norway, with a 50% share of total exports. Moreover, metal threading machine exports to Poland exceeded the volume sent to the second major destination, the United States (X units), twofold. Malaysia (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.8% per year) and Malaysia (-42.3% per year).

In value terms, Poland ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Norway, comprising 70% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by the United States, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-32.3% per year) and the United States (-31.8% per year).

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, rising by 243% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($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 Iceland (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Norway

In 2021, approx. X units of threading or tapping machines for working metal were imported into Norway; picking up by 4% compared with the previous year's figure. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 270% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, metal threading machine imports surged to $X in 2021. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 283% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), the United States (X units) and China (X units) were the main suppliers of metal threading machine imports to Norway, together comprising 53% of total imports. These countries were followed by Spain, Belgium, Austria, Germany and Denmark, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of threading or tapping machines for working metal to Norway, comprising 32% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.5% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+29.7% per year) and China (-6.2% per year).

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, increasing by 14% against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal threading machine import price decreased by -18.7% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 50%. The import price peaked at $X per unit in 2018; however, from 2019 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 Sweden ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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