Norway: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Norway

The Norwegian market for machines for preparing, weaving and knitting textiles dropped significantly to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent expansion. Textile weaving and knitting machinery consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Norway

In 2023, exports of machines for preparing, weaving and knitting textiles from Norway soared to X units, picking up by X% on 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2023. In general, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), the Netherlands (X units) and Sweden (X units) were the main destinations of textile weaving and knitting machinery exports from Norway, together comprising X% of total exports. South Korea, Canada, the United States, Denmark, Italy, Estonia, Colombia, Morocco and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Norway were Canada ($X), the United States ($X) and Italy ($X), with a combined X% share of total exports. The Netherlands, Sweden, Belgium, the Philippines, South Korea, Denmark, Colombia, Morocco and Estonia lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, jumping by X% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 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 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Norway

Textile weaving and knitting machinery imports into Norway reduced markedly to X units in 2023, shrinking by X% against 2022 figures. Overall, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, textile weaving and knitting machinery imports shrank to $X in 2023. Over the period under review, total imports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Canada (X units) and the UK (X units) were the main suppliers of textile weaving and knitting machinery imports to Norway, together accounting for X% of total imports. Germany, France, New Zealand, Japan, the United States, the Netherlands, Ukraine, Taiwan (Chinese), Denmark and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of X.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile weaving and knitting machinery suppliers to Norway were Germany ($X), Japan ($X) and Canada ($X), with a combined X% share of total imports. Denmark, the UK, China, New Zealand, France, the United States, the Netherlands, Taiwan (Chinese), Mexico and Ukraine lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform