Norway: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Norway

The Norwegian self-propelled rock cutter market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Rock Cutter Production in Norway

In value terms, self-propelled rock cutter production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Self-propelled rock cutter production peaked in 2022 and is expected to retain growth in years to come.

Self-Propelled Rock Cutter Exports

Exports from Norway

Self-propelled rock cutter exports from Norway soared to X units in 2022, rising by X% on the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled rock cutter exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Spain (X units) was the main destination for self-propelled rock cutter exports from Norway, with a X% share of total exports. Moreover, self-propelled rock cutter exports to Spain exceeded the volume sent to the second major destination, Austria (X units), fourfold. The third position in this ranking was held by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Sweden (X% per year).

In value terms, Sweden ($X), Switzerland ($X) and Austria ($X) were the largest markets for self-propelled rock cutter exported from Norway worldwide, with a combined X% share of total exports.

Switzerland, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 2022, the average self-propelled rock cutter export price amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Rock Cutter Imports

Imports into Norway

In 2022, approx. X units of self-propelled coal or rock cutters and tunnelling machinery were imported into Norway; increasing by X% on 2021. In general, imports, however, saw a slight slump. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, self-propelled rock cutter imports plummeted to $X in 2022. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest self-propelled rock cutter supplier to Norway, with a X% share of total imports. Moreover, self-propelled rock cutter imports from the United States exceeded the figures recorded by the second-largest supplier, Austria (X units), fivefold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the Netherlands (X% per year).

In value terms, Sweden ($X), Finland ($X) and China ($X) were the largest self-propelled rock cutter suppliers to Norway, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded 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 self-propelled rock cutter import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X,146 per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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