Norway - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Norway - 2023
Contents:
- Price for Mechanical Shovel and Excavator in Norway (CIF) - 2023
- Price for Mechanical Shovel and Excavator in Norway (FOB) - 2023
- Imports of Mechanical Shovel and Excavator in Norway
- Exports of Mechanical Shovel and Excavator in Norway
Price for Mechanical Shovel and Excavator in Norway (CIF) - 2023
In August 2023, the average mechanical shovel and excavator import price amounted to $106K per unit, with a decrease of -6.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 34% m-o-m. The import price peaked at $138K per unit in January 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($175K per unit), while the price for China ($54,415 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Shovel and Excavator in Norway (FOB) - 2023
The average mechanical shovel and excavator export price stood at $73,066 per unit in August 2023, picking up by 6.8% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 22% month-to-month. The export price peaked at $85,375 per unit in October 2022; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($104K per unit), while the average price for exports to Germany ($25,089 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovel and Excavator in Norway
In 2022, the amount of mechanical shovels, excavators and shovel loaders imported into Norway rose rapidly to 6.7K units, with an increase of 5.6% compared with 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, mechanical shovel and excavator imports rose sharply to $572M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Mechanical Shovel and Excavator in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 161 | 95.3 | 140 | 137 | -5.2% |
| Germany | 79.3 | 74.4 | 89.5 | 92.8 | 5.4% |
| Sweden | 85.5 | 72.3 | 86.7 | 89.0 | 1.3% |
| China | 28.5 | 29.9 | 31.9 | 62.0 | 29.6% |
| South Korea | 58.9 | 34.1 | 43.6 | 58.6 | -0.2% |
| France | 28.0 | 16.9 | 23.2 | 25.6 | -2.9% |
| United Kingdom | 21.8 | 11.0 | 22.5 | 23.2 | 2.1% |
| Netherlands | 21.6 | 7.2 | 15.7 | 18.4 | -5.2% |
| Finland | 9.5 | 11.7 | 10.7 | 12.4 | 9.3% |
| Others | 59.7 | 52.4 | 56.9 | 53.6 | -3.5% |
| Total | 554 | 405 | 521 | 572 | 1.1% |
Top Suppliers of Mechanical Shovel and Excavator to Norway in 2022:
- Japan (1551.0 units)
- China (1060.0 units)
- Germany (899.0 units)
- Sweden (554.0 units)
- South Korea (421.0 units)
- United Kingdom (369.0 units)
- Netherlands (322.0 units)
- France (322.0 units)
- Finland (297.0 units)
Exports of Mechanical Shovel and Excavator in Norway
In 2022, shipments abroad of mechanical shovels, excavators and shovel loaders decreased by -6% to 1.8K units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. As a result, the exports attained the peak of 2K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, mechanical shovel and excavator exports contracted modestly to $116M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure at $121M in 2021, and then reduced modestly in the following year.
| Export of Mechanical Shovel and Excavator in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 23.4 | 36.5 | 41.9 | 42.2 | 21.7% |
| Germany | 6.3 | 11.7 | 15.6 | 17.0 | 39.2% |
| Netherlands | 10.1 | 10.1 | 16.0 | 15.3 | 14.8% |
| Poland | 7.3 | 11.6 | 12.7 | 8.9 | 6.8% |
| Finland | 2.4 | 7.1 | 8.2 | 5.1 | 28.6% |
| Spain | N/A | 0.3 | 0.5 | 3.2 | 226.6% |
| Turkey | N/A | N/A | 0.4 | 3.0 | 650.0% |
| Iceland | 0.3 | 1.1 | 1.4 | 2.1 | 91.3% |
| Estonia | 1.0 | 1.6 | 3.5 | 2.0 | 26.0% |
| Bolivia | 0.8 | 1.2 | 0.9 | 1.2 | 14.5% |
| Lithuania | 0.9 | 2.2 | 1.6 | 1.1 | 6.9% |
| United Kingdom | 0.9 | 0.5 | 0.9 | 0.8 | -3.9% |
| Latvia | 0.4 | 0.4 | 0.6 | 0.5 | 7.7% |
| Others | 7.7 | 14.4 | 16.7 | 13.5 | 20.6% |
| Total | 61.5 | 98.8 | 121 | 116 | 23.6% |
Top Export Markets for Mechanical Shovel and Excavator from Norway in 2022:
- Sweden (485.0 units)
- Netherlands (251.0 units)
- Poland (216.0 units)
- Germany (172.0 units)
- Finland (69.0 units)
- Estonia (60.0 units)
- Lithuania (58.0 units)
- Turkey (57.0 units)
- Spain (50.0 units)
- United Kingdom (38.0 units)
- Latvia (32.0 units)
- Iceland (30.0 units)
- Bolivia (29.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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