Norway: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Norway

The Norwegian market for parts of harvester and threshers rose notably to $X in 2021, growing by 5.6% 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 recorded a relatively flat trend pattern. Parts of harvester and threshers consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Norway

For the third year in a row, Norway recorded decline in overseas shipments of parts of harvester and threshers, which decreased by -13.9% to X units in 2021. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 85% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports shrank significantly to $X in 2021. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 81% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units), Finland (X units) and South Africa (X units) were the main destinations of parts of harvester and threshers exports from Norway, together comprising 37% of total exports. These countries were followed by Poland, Taiwan (Chinese), Germany, Canada, India, Italy, Switzerland, Lithuania, the UK and Denmark, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +160.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Taiwan (Chinese) ($X) constituted the largest markets for parts of harvester and threshers exported from Norway worldwide, together comprising 30% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +147.8%, saw the highest rates of growth with regard to 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 export price for parts of harvester and threshers stood at $X per unit in 2021, waning by -7.3% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers export price increased by +62.9% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 30%. The export price peaked at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Poland ($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 Denmark (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Norway

In 2021, the amount of parts of harvester and threshers imported into Norway rose to X units, increasing by 4.7% compared with 2020 figures. In general, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers imports totaled $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Denmark (X units) and the Czech Republic (X units) were the main suppliers of parts of harvester and threshers imports to Norway, with a combined 48% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Norway were Germany ($X), Denmark ($X) and Sweden ($X), together accounting for 41% of total imports. The UK, the United States, Poland, Italy, the Czech Republic, Hungary, the Netherlands, Finland, China, Ireland and Slovenia lagged somewhat behind, together comprising a further 51%.

Among the main suppliers, the Czech Republic, with a CAGR of +46.6%, 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 import price for parts of harvester and threshers stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2019 an increase of 13%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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