Price for Textile Machinery; Spinning Machines in Norway - 2023

Contents:

  1. Price for Textile Machinery; Spinning Machines in Norway (CIF) - 2022
  2. Price for Textile Machinery; Spinning Machines in Norway (FOB) - 2022
  3. Imports of Textile Machinery; Spinning Machines in Norway
  4. Exports of Textile Machinery; Spinning Machines in Norway

Price for Textile Machinery; Spinning Machines in Norway (CIF) - 2022

The average textile machinery; spinning machines import price stood at $324 per unit in 2022, increasing by 31% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 183% against the previous year. As a result, import price attained the peak level of $1,142 per unit. From 2015 to 2022, the average 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 New Zealand ($348 per unit), while the price for Hungary ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Textile Machinery; Spinning Machines in Norway (FOB) - 2022

The average textile machinery; spinning machines export price stood at $420 per unit in 2022, waning by -54.5% against the previous year. In general, the export price recorded a dramatic decrease. The pace of growth appeared the most rapid in 2021 an increase of 5,903% against the previous year. The export price peaked at $12,357 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($2,425 per unit), while the average price for exports to the Netherlands ($122 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-49.0%).

Imports of Textile Machinery; Spinning Machines in Norway

In 2022, the amount of textile machinery; spinning machineses imported into Norway shrank slightly to 196 units, approximately reflecting the year before. Over the period under review, imports saw a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked at 1.6K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, textile machinery; spinning machines imports skyrocketed to $64K in 2022. In general, imports saw a precipitous decline. Over the period under review, imports hit record highs at $846K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Textile Machinery; Spinning Machines in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.17.014.827.688.8%
New Zealand2.726.122.920.696.9%
Netherlands15.37.68.47.8-20.1%
Australia0.90.6N/A2.438.7%
GermanyN/A0.10.20.8182.8%
Hungary0.4N/AN/A0.2-20.6%
Italy822N/AN/AN/A0%
Others0.22.82.54.2175.9%
Total84644.248.963.5-57.8%

Top Suppliers of Textile Machinery; Spinning Machines to Norway in 2022:

  1. United States (85.0 units)
  2. New Zealand (59.0 units)
  3. Netherlands (23.0 units)
  4. Hungary (12.0 units)
  5. Australia (8.0 units)
  6. Germany (3.0 units)

Exports of Textile Machinery; Spinning Machines in Norway

In 2022, approx. 23 units of textile machinery; spinning machineses were exported from Norway; surging by 2,200% on the year before. Overall, exports continue to indicate a significant expansion. Over the period under review, the exports attained the maximum at 24 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile machinery; spinning machines exports surged to $9.7K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Textile Machinery; Spinning Machines in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/AN/A4.80%
IcelandN/AN/AN/A2.40%
SwitzerlandN/AN/AN/A0.90%
CanadaN/AN/AN/A0.80%
NetherlandsN/AN/AN/A0.70%
RussiaN/A0.4N/AN/A0%
United Kingdom0.9N/AN/AN/A0%
FinlandN/AN/A0.9N/A0%
OthersN/AN/AN/AN/A0%
Total0.90.40.99.7120.9%

Top Export Markets for Textile Machinery; Spinning Machines from Norway in 2022:

  1. France (12.0 units)
  2. Netherlands (6.0 units)
  3. Switzerland (2.0 units)
  4. Canada (2.0 units)
  5. Iceland (1.0 units)

Source: IndexBox Market Intelligence Platform

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