Norway: Crane Market 2024

Crane Market Size in Norway

The Norwegian crane market fell modestly to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Crane consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Crane Production in Norway

In value terms, crane production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X%. Crane production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Crane Exports

Exports from Norway

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from Norway; rising by X% on the year before. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, crane exports rose significantly to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for crane exports from Norway, accounting for a X% share of total exports. Moreover, crane exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X units), twofold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the United States (X% per year).

In value terms, the largest markets for crane exported from Norway were the Netherlands ($X), the United States ($X) and Sweden ($X), together accounting for X% of total exports. Turkey, the UK, Poland, Denmark, Estonia, France, Germany, Faroe Islands and Finland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Estonia, 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 crane export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Norway

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane imported into Norway declined to X units, dropping by X% compared with 2021 figures. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crane imports plummeted to $X in 2022. In general, imports saw a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of crane to Norway, accounting for a X% share of total imports. Moreover, crane imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Austria (X% per year).

In value terms, Germany ($X), Italy ($X) and Austria ($X) were the largest crane suppliers to Norway, with a combined X% share of total imports. Denmark, Sweden, Poland, Slovenia, the Netherlands, Finland, Spain, the Czech Republic, the UK and China lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of 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 crane import price stood at $X per unit in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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