Norway: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Norway

The Norwegian market for machine-tools for working stone, ceramics, and concrete skyrocketed to $X in 2021, rising by 43% 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). Over the period under review, consumption, however, saw a slight contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Norway

In 2021, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -61.8% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 235% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports dropped significantly to $X in 2021. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 1,666%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units), Iceland (X units) and Poland (X units) were the main destinations of machine tools for working stone exports from Norway, together accounting for 75% 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 Poland (with a CAGR of +96.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tools for working stone exported from Norway were Sweden ($X), Iceland ($X) and Poland ($X), with a combined 76% share of total exports.

Poland, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, jumping by 79% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 an increase of 662%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Latvia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Sweden (-13.7%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Norway

In 2021, imports of machine-tools for working stone, ceramics, and concrete into Norway surged to X units, picking up by 24% compared with 2020 figures. Over the period under review, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 26%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine tools for working stone imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Sweden (X units) were the main suppliers of machine tools for working stone imports to Norway, with a combined 89% share of total imports. The Netherlands, Denmark, Austria and Germany lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Norway, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and Germany (-4.9% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, increasing by 24% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine tools for working stone import price increased by +58.5% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 36% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :