Norway: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Norway

In 2022, the Norwegian agricultural forestry machinery market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, posted prominent growth. Agricultural forestry machinery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in Norway

In value terms, agricultural forestry machinery production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Agricultural Forestry Machinery Exports

Exports from Norway

In 2022, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports shrank significantly to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X units), Germany (X units) and Sweden (X units) were the main destinations of agricultural forestry machinery exports from Norway, with a combined X% share of total exports. Slovakia, Finland, Denmark, Lithuania, Canada and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Slovakia ($X) constituted the largest markets for agricultural forestry machinery exported from Norway worldwide, with a combined X% share of total exports.

Among the main countries of destination, Slovakia, with a CAGR of X%, saw 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

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Norway

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) imported into Norway contracted modestly to X units, almost unchanged from 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, agricultural forestry machinery imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Finland (X units), Italy (X units) and Denmark (X units) were the main suppliers of agricultural forestry machinery imports to Norway, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Italy ($X) and Sweden ($X) were the largest agricultural forestry machinery suppliers to Norway, together comprising X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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