Norway - Machinery For Public Works And Building - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Norway - Machinery For Public Works And Building - Market Analysis, Forecast, Size, Trends And Insights

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Public Works Machinery Price in Norway - 2023

Contents:

  1. Public Works Machinery Price in Norway (CIF) - 2022
  2. Public Works Machinery Price in Norway (FOB) - 2022
  3. Public Works Machinery Imports in Norway
  4. Public Works Machinery Exports in Norway

Public Works Machinery Price in Norway (CIF) - 2022

The average public works machinery import price stood at $4,554 per unit in 2022, reducing by -12.4% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, public works machinery import price decreased by -33.3% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 66%. The import price peaked at $6,826 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($12,741 per unit), while the price for the UK ($604 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+43.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Public Works Machinery Price in Norway (FOB) - 2022

In 2022, the average public works machinery export price amounted to $14,125 per unit, which is down by -38% against the previous year. Overall, the export price saw a slight curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 67% against the previous year. The export price peaked at $25,038 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($92,070 per unit), while the average price for exports to Serbia ($32 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 France (+29.2%), while the prices for the other major destinations experienced mixed trend patterns.

Public Works Machinery Imports in Norway

For the fourth year in a row, Norway recorded growth in purchases abroad of machinery for public works and building, which increased by 20% to 8.6K units in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, public works machinery imports rose notably to $39M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Public Works Machinery in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany18.313.317.919.62.3%
Finland1.37.66.96.470.1%
Denmark0.92.01.12.336.7%
Sweden1.92.83.02.36.6%
Italy1.93.92.82.25.0%
Netherlands0.10.11.41.1122.4%
United States0.70.10.60.84.6%
United Kingdom0.41.00.70.720.5%
China0.20.70.20.644.2%
FranceN/A0.30.50.529.1%
Spain0.20.40.30.426.0%
Estonia0.20.20.20.20.0%
Japan2.3N/AN/A0.1-64.8%
Others2.13.21.72.10.0%
Total30.535.637.339.28.7%

Top Suppliers of Public Works Machinery to Norway in 2022:

  1. Germany (1808.0 units)
  2. Sweden (1322.0 units)
  3. United Kingdom (1079.0 units)
  4. United States (962.0 units)
  5. China (602.0 units)
  6. Finland (501.0 units)
  7. Spain (500.0 units)
  8. Italy (345.0 units)
  9. Denmark (276.0 units)
  10. Estonia (252.0 units)
  11. France (231.0 units)
  12. Netherlands (180.0 units)
  13. Japan (38.0 units)

Public Works Machinery Exports in Norway

In 2022, public works machinery exports from Norway soared to 403 units, with an increase of 39% on 2021 figures. Overall, exports, however, recorded a noticeable curtailment. The exports peaked at 543 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, public works machinery exports reduced to $5.7M in 2022. In general, exports, however, showed a abrupt curtailment. The smallest decline of -3.1% was in 2020. The exports peaked at $7.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Public Works Machinery in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2,3927727851,933-6.9%
Netherlands4041,11832369419.8%
Poland2,180408157542-37.1%
Sweden765527580519-12.1%
Denmark43878166.24470.7%
France15.8N/AN/A414197.0%
United Kingdom13016884.31474.2%
IraqN/A7.411576.9222.4%
Latvia174N/A23.956.1-31.4%
VietnamN/A15.4N/A45.471.7%
Spain86.81,41667732.5-27.9%
Singapore27.7N/AN/A20.1-10.1%
SerbiaN/AN/AN/A0.70%
Others1,0482,2123,768764-10.0%
Total7,6627,4246,5805,692-9.4%

Top Export Markets for Public Works Machinery from Norway in 2022:

  1. United Kingdom (112.0 units)
  2. Poland (57.0 units)
  3. Sweden (47.0 units)
  4. Netherlands (27.0 units)
  5. Denmark (27.0 units)
  6. Serbia (21.0 units)
  7. Germany (21.0 units)
  8. Singapore (12.0 units)
  9. France (9.0 units)
  10. Latvia (8.0 units)
  11. Iraq (8.0 units)
  12. Spain (8.0 units)
  13. Vietnam (7.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the public works machinery market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28923090 - Machinery for public works, building..., having individual functions

Country coverage:

  • Norway

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Norway
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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