Report Update Jan 1, 2025

Norway - Tools of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Wood Tool Market 2025

Wood Tool Market Size in Norway

The Norwegian wood tool market surged to $X in 2021, rising by 25% 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, saw strong growth. Wood tool consumption peaked in 2021 and is likely to see gradual growth in years to come.

Wood Tool Exports

Exports from Norway

For the third consecutive year, Norway recorded growth in shipments abroad of tools of wood, which increased by 39% to X tons in 2021. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood tool exports rose sharply to $X in 2021. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 85% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Denmark (X tons) was the main destination for wood tool exports from Norway, with a 49% share of total exports. Moreover, wood tool exports to Denmark exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by the UK (X kg), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+4.0% per year) and the UK (+17.3% per year).

In value terms, Sweden ($X) remains the key foreign market for tools of wood exports from Norway, comprising 65% of total exports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total exports. It was followed by the UK, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+9.1% per year) and the UK (+23.4% per year).

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, dropping by -20.3% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 209%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Norway

After three years of growth, overseas purchases of tools of wood decreased by -14.6% to X tons in 2021. In general, imports showed a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, wood tool imports soared to $X in 2021. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Slovakia (X tons), Sweden (X tons) and Latvia (X tons) were the main suppliers of wood tool imports to Norway, with a combined 64% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +77.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of tools of wood to Norway, comprising 52% of total imports. The second position in the ranking was held by Sweden ($X), with an 18% share of total imports. It was followed by Slovakia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.9% per year) and Slovakia (-4.3% per year).

Import Prices by Country

In 2021, the average wood tool import price amounted to $X per ton, rising by 75% against the previous year. Overall, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tools of wood in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 33% of global consumption. Italy, Russia, South Africa, Brazil, Japan, Indonesia, France, Mexico, Pakistan and Germany lagged somewhat behind, together comprising a further 40%.

What are the largest producers of tools of wood in the world?

The country with the largest volume of wood tool production was China, comprising approx. 29% of total volume. Moreover, wood tool production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of tools of wood to Norway?

In value terms, the largest wood tool suppliers to Norway were India, Sweden and Slovakia, with a combined 71% share of total imports.

What are the leading importers of tools of wood from Norway?

In value terms, Russia, Denmark and Brazil constituted the largest markets for wood tool exported from Norway worldwide, together accounting for 38% of total exports. Lithuania, Sweden, Italy, the UK, Finland, the Netherlands, Estonia and Germany lagged somewhat behind, together accounting for a further 52%.

What is the average export price for tools of wood in Norway?

The average wood tool export price stood at $7,243 per ton in 2021, with a decrease of -53.5% against the previous year.

What is the average import price for tools of wood in Norway?

The average wood tool import price stood at $6,996 per ton in 2021, dropping by -12.5% against the previous year.

This report provides an in-depth analysis of the wood tool market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16291130 - Tools, tool bodies and handles and broom or brush bodies and handles of wood, boot and shoe lasts and trees of wood

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024