The Norwegian
lifting equipment market shrinks slightly to $X in 2021, down -X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption continued to expand significantly. During the period under review, the market made an all-time high of $X in 2020 before shrinking the following year.
Norwegian lifting equipment export scale
Norway’s hoisting equipment exports fell slightly to X units in 2021, down -X% from the 2020 figure. During the review period, exports decreased sharply. The most significant growth rate occurred in 2016, which was an X% increase compared to the previous year. During the period under review, exports reached a maximum of X units in 2014; however, from 2015 to 2021, exports have been at a low level.
In value terms, hoisting equipment exports fell to X dollars in 2021. Overall, exports fell sharply. The fastest growth was recorded in 2016, with exports increasing by X%. During the period under review, exports peaked at $X in 2014; however, from 2015 to 2021, exports have been at lower levels.
Sweden (X units), the UK (X units) and Turkey (X units) were the main destinations for Norwegian lifting equipment exports, together accounting for X% of total exports. This is followed by Denmark, Finland, the United States, France and Poland, which further increased shipments by a factor of X from 2012 to 2021, with the largest increase being Finland (+X% CAGR) , while shipments from other leading countries experienced a more moderate pace of growth.
In value terms, the UK ($X) emerged as the main foreign market for Norwegian lifting equipment exports, accounting for X% of total exports. In second place is the United States ($X) with X% of total exports. It is followed by Turkey with an X% share.
Average annual growth in value to the UK from 2012 to 2021 is +X%. Exports to other major destinations recorded the following average annual export growth rates: United States (+X% per annum) and Turkey (+X% per annum).
Norway’s hoisting equipment import scale
In 2021, the number of hoisting equipment imported by Norway rose slightly to X units, an increase of X% over the 2020 figure. Overall, however, import records fell significantly. Growth was the fastest in 2020, up X%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.
In terms of value, lifting equipment imports fell sharply to $X in 2021. However, imports continued to trend slightly downward during the period under review. Growth appears to be the fastest in 2018, when imports rose by X%. During the period under review, imports reached a record $X in 2013; however, from 2014 to 2021, imports decreased slightly.
The Netherlands (X units), Sweden (X units) and Slovenia (X units) are the main suppliers of imported lifting equipment to Norway, together accounting for X% of total imports. Spain, Germany, Bosnia and Herzegovina, Denmark and Italy are slightly behind, together accounting for X times from 2012 to 2021, with the largest increase being Bosnia and Herzegovina (+X% CAGR), while the other leaders’ procurement experience more moderate growth rate.
Slovenia ($X) is Norway’s largest lifting equipment supplier by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by the Netherlands with an X% share.
From 2012 to 2021, Slovenia will have an average annual value growth rate of +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Italy (+X% per annum) and the Netherlands (+X% per annum).
Statistics of various crane suppliers in Norway
Slovenia is Norway’s largest supplier of lifting equipment by value, accounting for 51% of total imports. In second place was Italy, which accounted for 8.6% of total imports. It is followed by the Netherlands with a share of 8.5%.
In terms of value, the UK emerged as the main foreign market for Norwegian hoisting equipment exports, accounting for 31% of total exports. In second place is the United States, which accounts for 10% of total exports. It was followed by Turkey with a 7% share.
The average export price of lifting equipment in 2021 is $10,575 per unit, unchanged from the previous year.
The average import price of hoisting equipment in 2021 is $5,105 per unit, down -20.2% from the previous year.
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Analysis of the lifting equipment market in Norway in 2022