Norway: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Norway

The Norwegian wood bending machine market fell markedly to $X in 2021, waning by -50.3% 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, however, continues to indicate mild growth. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Wood Bending Machine Exports

Exports from Norway

After two years of growth, overseas shipments of bending or assembling machines decreased by -6.9% to X units in 2021. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 325% against the previous year. The exports peaked at X units in 2020, and then fell in the following year.

In value terms, wood bending machine exports contracted to $X in 2021. In general, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 268%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units), Sweden (X units) and Germany (X units) were the main destinations of wood bending machine exports from Norway, together comprising 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Austria ($X) and Germany ($X) were the largest markets for wood bending machine exported from Norway worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, Austria, with a CAGR of 0.0%, saw the highest rates of growth with regard to 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 wood bending machine export price stood at $X per unit in 2021, dropping by -2.2% against the previous year. In general, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 635% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Denmark ($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 Algeria (+1,334.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Norway

Wood bending machine imports into Norway contracted significantly to X units in 2021, which is down by -39% on the previous year's figure. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 603%. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, wood bending machine imports plummeted to $X in 2021. In general, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 418%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2021, Austria (X units) constituted the largest wood bending machine supplier to Norway, accounting for a 43% share of total imports. Moreover, wood bending machine imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and Germany (+6.7% per year).

In value terms, Germany ($X), Austria ($X) and San Marino ($X) were the largest wood bending machine suppliers to Norway, with a combined 80% share of total imports. These countries were followed by Italy, France, Sweden, China, the United States and Denmark, which together accounted for a further 19%.

France, with a CAGR of +13.2%, 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

In 2021, the average wood bending machine import price amounted to $X per unit, falling by -34.8% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 56% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+37.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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