Norway: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Norway

The Norwegian stone sawing machine market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption showed a strong expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Stone Sawing Machine Exports

Exports from Norway

In 2021, the amount of sawing machines for working stone, ceramics and concrete exported from Norway skyrocketed to X units, rising by 166% compared with the previous year. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 373% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, stone sawing machine exports soared to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for stone sawing machine exports from Norway, accounting for a 55% share of total exports. Moreover, stone sawing machine exports to Sweden exceeded the volume sent to the second major destination, France (X units), fivefold. Finland (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+47.4% per year) and Finland (+24.1% per year).

In value terms, the largest markets for stone sawing machine exported from Norway were Sweden ($X), Finland ($X) and France ($X), together accounting for 74% of total exports. These countries were followed by Belgium, Poland, Iceland, Denmark, Italy, the Netherlands and Germany, which together accounted for a further 17%.

In terms of the main countries of destination, Iceland, with a CAGR of +84.8%, 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

In 2021, the average stone sawing machine export price amounted to $X per unit, which is down by -7.2% against the previous year. Overall, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2017 an increase of 184%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Finland ($X per unit), while the average price for exports to Denmark ($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 the Netherlands (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Norway

In 2021, overseas purchases of sawing machines for working stone, ceramics and concrete were finally on the rise to reach X units after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 87%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, stone sawing machine imports soared to $X in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Norway, with a 60% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+46.8% per year) and Germany (+10.1% per year).

In value terms, Germany ($X), Italy ($X) and Finland ($X) were the largest stone sawing machine suppliers to Norway, together comprising 63% of total imports. These countries were followed by China, Sweden, Spain and Denmark, which together accounted for a further 26%.

Spain, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, with a decrease of -12.7% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of 21%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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