Norway: Wood Slicing Machine Market 2022

Wood Slicing Machine Market Size in Norway

The Norwegian wood slicing machine market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wood Slicing Machine Exports

Exports from Norway

In 2021, the amount of splitting, slicing or paring machines exported from Norway surged to X units, increasing by 254% on the previous year. Over the period under review, exports, however, recorded a deep downturn. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood slicing machine exports surged to $X in 2021. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 94% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for wood slicing machine exports from Norway, accounting for a 71% share of total exports. Moreover, wood slicing machine exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was held by Denmark (X units), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+41.3% per year) and Denmark (+43.0% per year).

In value terms, the largest markets for wood slicing machine exported from Norway were Germany ($X), Sweden ($X) and Denmark ($X), with a combined 90% share of total exports.

Denmark, with a CAGR of +56.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average wood slicing machine export price amounted to $X per unit, with a decrease of -51.7% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 181% against the previous year. The export price peaked at $X per unit in 2020, and then reduced notably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Sweden ($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 (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Slicing Machine Imports

Imports into Norway

In 2021, after two years of decline, there was significant growth in purchases abroad of splitting, slicing or paring machines, when their volume increased by 214% to X units. Over the period under review, imports showed a noticeable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood slicing machine imports soared to $X in 2021. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 88% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), New Zealand (X units) and Australia (X units) were the main suppliers of wood slicing machine imports to Norway, together comprising 97% of total imports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +87.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of wood slicing machine to Norway, comprising 52% of total imports. The second position in the ranking was taken by Finland ($X), with an 18% share of total imports. It was followed by Australia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-14.6% per year) and Australia (+95.4% per year).

Import Prices by Country

In 2021, the average wood slicing machine import price amounted to $X per unit, which is down by -56% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 59%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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