Store → Machinery And Equipment → Metal-Forming Machinery And Machine Tools → Machine Tools For Working Metal Without Removing Metal

Latest Report Update: Mar 14, 2023

Norway - Machine Tools for Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Norway: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Norway

In 2021, the Norwegian machine tool for metal market increased by 182% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption saw buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Norway

In 2021, the amount of machine tools for working metal without removing metal exported from Norway contracted significantly to X units, with a decrease of -63.1% compared with 2020. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 1,096% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports reduced rapidly to $X in 2021. Over the period under review, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 191%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for machine tool for metal exports from Norway, accounting for a 34% share of total exports. Moreover, machine tool for metal exports to Denmark exceeded the volume sent to the second major destination, Greece (X units), threefold. Singapore (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark stood at +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+26.0% per year) and Singapore (+47.6% per year).

In value terms, Denmark ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Norway, comprising 35% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.3% share of total exports. It was followed by Singapore, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Denmark amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-22.1% per year) and Singapore (+29.4% per year).

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, flattening at the previous year. In general, the export price continues to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 171%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Greece ($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 Spain (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Norway

In 2021, after three years of decline, there was significant growth in purchases abroad of machine tools for working metal without removing metal, when their volume increased by 93% to X units. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Over the period under review, imports recorded a moderate increase. The pace of growth appeared the most rapid in 2014 when imports increased by 178% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X units) constituted the largest supplier of machine tool for metal to Norway, with a 59% share of total imports. Moreover, machine tool for metal imports from Australia exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by Denmark (X units), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +49.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.1% per year) and Denmark (+2.9% per year).

In value terms, the largest machine tool for metal suppliers to Norway were Australia ($X), Sweden ($X) and Germany ($X), with a combined 70% share of total imports.

Among the main suppliers, Australia, with a CAGR of +92.1%, 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 machine tool for metal import price stood at $X per unit in 2021, jumping by 39% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The growth pace was the most rapid in 2017 an increase of 71%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for machine tools for working metal without removing metal in the world?

The countries with the highest volumes of consumption in 2021 were Taiwan Chinese), the United States and Germany, together accounting for 31% of global consumption. Nigeria, Italy, Singapore, Japan, the UK, Peru, Sweden, Denmark, India and the United Arab Emirates lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of machine tools for working metal without removing metal in the world?

The countries with the highest volumes of production in 2021 were the United States, Taiwan Chinese) and Germany, together accounting for 48% of global production. Italy, Japan, Belgium, Singapore, Sweden, Denmark, India, China, South Korea and Austria lagged somewhat behind, together comprising a further 41%.

What are the leading suppliers of machine tools for working metal without removing metal to Norway?

In value terms, Australia, Sweden and Germany were the largest machine tool for metal suppliers to Norway, together accounting for 70% of total imports.

What are the leading importers of machine tools for working metal without removing metal from Norway?

In value terms, Denmark emerged as the key foreign market for machine tools for working metal without removing metal exports from Norway, comprising 35% of total exports. The second position in the ranking was held by Turkey, with a 7.3% share of total exports. It was followed by Singapore, with a 5.8% share.

What is the average export price for machine tools for working metal without removing metal in Norway?

The average machine tool for metal export price stood at $692 per unit in 2021, standing approx. at the previous year.

What is the average import price for machine tools for working metal without removing metal in Norway?

The average machine tool for metal import price stood at $1,930 per unit in 2021, picking up by 39% against the previous year.

This report provides an in-depth analysis of the market for machine tool for metal 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 2030.

Product coverage:

• Prodcom 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal

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

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance