Norway: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in Norway

In 2022, the Norwegian market for reel fed letterpress printing machinery increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a strong increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Reel Fed Letterpress Printing Machinery in Norway

In value terms, reel fed letterpress printing machinery production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate modest growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Letterpress Printing Machinery

Exports from Norway

In 2022, the amount of reel fed letterpress printing machinery exported from Norway skyrocketed to X units, increasing by X% against the previous year's figure. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, reel fed letterpress printing machinery exports reduced markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units), France (X units) and Russia (X units) were the main destinations of reel fed letterpress printing machinery exports from Norway.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for reel fed letterpress printing machinery exported from Norway were Russia ($X), France ($X) and Bosnia and Herzegovina ($X).

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for reel fed letterpress printing machinery amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Reel Fed Letterpress Printing Machinery

Imports into Norway

In 2022, the amount of reel fed letterpress printing machinery imported into Norway surged to X units, with an increase of X% against the previous year. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, reel fed letterpress printing machinery imports amounted to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest reel fed letterpress printing machinery supplier to Norway, accounting for a X% share of total imports. Moreover, reel fed letterpress printing machinery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Poland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) constituted the largest reel fed letterpress printing machinery suppliers to Norway, together comprising X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw 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 2022, the average import price for reel fed letterpress printing machinery amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price faced a dramatic downturn. The pace of growth was the most pronounced in 2014 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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