Norway: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Norway

In 2021, after two years of growth, there was significant decline in the Norwegian stone polishing machine market, when its value decreased by -15.4% to $X. In general, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Norway

For the third year in a row, Norway recorded growth in overseas shipments of grinding or polishing machines for working stone, ceramics and concrete, which increased by 14% to X units in 2021. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports soared to $X in 2021. In general, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 195% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for stone polishing machine exports from Norway, accounting for a 57% share of total exports. Moreover, stone polishing machine exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Lithuania (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Lithuania (+71.0% per year).

In value terms, the largest markets for stone polishing machine exported from Norway were Lithuania ($X), Sweden ($X) and Germany ($X), together accounting for 95% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +129.9%, 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

The average stone polishing machine export price stood at $X per unit in 2021, rising by 138% against the previous year. Over the period under review, the export price posted a temperate increase. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Denmark ($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 France (+11.5%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Norway

In 2021, after two years of growth, there was decline in supplies from abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -3.7% to X units. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 205%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, stone polishing machine imports dropped notably to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of stone polishing machine imports to Norway, together accounting for 71% of total imports. These countries were followed by the United States, Denmark and Italy, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +32.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Norway, comprising 44% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.2% per year) and China (+17.3% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2021, which is down by -27.4% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 71% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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