Norway: Winche And Capstan Market 2025

Winche And Capstan Market Size in Norway

In 2021, the Norwegian winche and capstan market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Winche And Capstan Production in Norway

In value terms, winche and capstan production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Winche And Capstan Exports

Exports from Norway

In 2021, the amount of winches and capstans exported from Norway skyrocketed to X units, picking up by 33% on the year before. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +107.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 76%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, winche and capstan exports soared to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 53% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for winche and capstan exports from Norway, accounting for a 34% share of total exports. Moreover, winche and capstan exports to Sweden exceeded the volume sent to the second major destination, Finland (X units), twofold. Poland (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+42.5% per year) and Poland (+19.9% per year).

In value terms, the largest markets for winche and capstan exported from Norway were the United States ($X), Turkey ($X) and the UK ($X), with a combined 44% share of total exports. Denmark, Russia, Greece, Sweden, Poland, Chile, Iceland, Finland, Austria and Singapore lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Greece, with a CAGR of +58.4%, recorded 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 winche and capstan export price stood at $X per unit in 2021, rising by 3% against the previous year. In general, the export price, however, showed a deep setback. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Finland ($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 Chile (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Norway

In 2021, imports of winches and capstans into Norway soared to X units, picking up by 28% against 2020 figures. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 38%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, winche and capstan imports expanded significantly to $X in 2021. Over the period under review, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 59%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of winche and capstan to Norway, accounting for a 45% share of total imports. Moreover, winche and capstan imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. France (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+9.3% per year) and France (+1.9% per year).

In value terms, the largest winche and capstan suppliers to Norway were the UK ($X), Sweden ($X) and Poland ($X), with a combined 45% share of total imports. Italy, Denmark, Germany, China, the United States, Australia, Vietnam, Canada, France and Austria lagged somewhat behind, together comprising a further 32%.

Australia, with a CAGR of +27.9%, 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

The average winche and capstan import price stood at $X per unit in 2021, waning by -14.7% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 20%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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