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Norway - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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Norway: Power Tool Market Overview 2020

Power Tool Market Size in Norway

In 2019, the Norwegian power tool market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Power tool consumption peaked in 2019 and is expected to retain growth in the near future.

Power Tool Exports

Exports from Norway

For the seventh consecutive year, Norway recorded growth in overseas shipments of power tools, which increased by X% to X units in 2019. In general, exports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, power tool exports rose modestly to $X in 2019. Overall, total exports indicated a modest increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for power tool exports from Norway, with a X% share of total exports. Moreover, power tool exports to Sweden exceeded the volume sent to the second major destination, Finland (X units), threefold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Denmark (-X% per year).

In value terms, Sweden ($X) remains the key foreign market for power tool exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Denmark (-X% per year).

Export Prices by Country

In 2018, the average power tool export price amounted to $X per unit, shrinking by -X% against the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The export price peaked at $X per unit in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2018, the country with the highest price was Sweden ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Power Tool Imports

Imports into Norway

For the third year in a row, Norway recorded growth in overseas purchases of power tools, which increased by X% to X units in 2019. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, power tool imports totaled $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2018, China (X units) constituted the largest supplier of power tool to Norway, with a X% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Germany (-X% per year).

In value terms, China ($X), Sweden ($X) and Germany ($X) were the largest power tool suppliers to Norway, with a combined X% share of total imports. These countries were followed by Malaysia, Hungary, Estonia, Italy, Belgium, Austria and Denmark, which together accounted for a further X the main suppliers, Estonia (+X% per year) 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

In 2018, the average power tool import price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Malaysia ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Estonia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?
+
The countries with the highest volumes of power tool consumption in 2019 were China (122M units), the U.S. (81M units) and Japan (20M units), together comprising 52% of global consumption. These countries were followed by Germany, Russia, France, India, Belgium, Brazil, Poland, Australia and Mexico, which together accounted for a further 24%.
What are the largest producers of power tools in the world?
+
China (234M units) constituted the country with the largest volume of power tool production, accounting for 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Japan (18M units), more than tenfold. The third position in this ranking was occupied by Germany (13M units), with a 4.2% share.
What are the leading suppliers of power tools to Norway?
+
In value terms, China ($56M), Sweden ($35M) and Germany ($13M) appeared to be the largest power tool suppliers to Norway, with a combined 71% share of total imports. Malaysia, Hungary, Estonia, Italy, Belgium, Austria and Denmark lagged somewhat behind, together comprising a further 20%.
What are the leading importers of power tools from Norway?
+
In value terms, Sweden ($16M) remains the key foreign market for power tool exports from Norway, comprising 71% of total exports. The second position in the ranking was occupied by Finland ($4.5M), with a 21% share of total exports.
What is the average export price for power tools in Norway?
+
The average power tool export price stood at $63 per unit in 2018, which is down by -40.1% against the previous year.
What is the average import price for power tools in Norway?
+
The average power tool import price stood at $67 per unit in 2018, which is down by -21.7% against the previous year.

Product coverage:
• Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
• Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
• Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
• Prodcom 28241123 - Electromechanical chainsaws
• Prodcom 28241125 - Electromechanical circular saws
• Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
• Prodcom 28241133 -
• Prodcom 28241135 -
• Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
• Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
• Prodcom 28241190 -

This report provides an in-depth analysis of the power tool market 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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