Norway: Market for Turbo, Rotary and Reciporating Displacement Compressors 2025

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Norway

The Norwegian market for turbo, rotary and reciporating displacement compressors dropped to $X in 2022, with a decrease of -13.9% 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, saw a measured expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Norway

In 2022, exports of turbo, rotary and reciporating displacement compressors from Norway surged to X units, growing by 25% compared with 2021. Over the period under review, exports posted a slight expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 49%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors rose notably to $X in 2022. In general, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 90% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Norway, with a combined 62% share of total exports. Belgium, Denmark, China, South Korea and the UK lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +54.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Norway were China ($X), South Korea ($X) and the UK ($X), together comprising 38% of total exports. The Netherlands, Germany, Sweden, Denmark and Belgium lagged somewhat behind, together comprising a further 20%.

Belgium, with a CAGR of +25.4%, saw the highest rates of growth with regard to 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 turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, reducing by -15.7% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average 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 the UK ($X per unit), while the average price for exports to Sweden ($X 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 the UK (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Norway

In 2022, after two years of growth, there was significant decline in overseas purchases of turbo, rotary and reciporating displacement compressors, when their volume decreased by -11.4% to X units. Overall, imports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 328% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of turbo, rotary and reciporating displacement compressors reduced sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 61% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Norway, with a 63% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Italy (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.0% per year) and Italy (+0.7% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Norway were Germany ($X), Italy ($X) and China ($X), together accounting for 47% of total imports. The UK, Sweden, Denmark, Ukraine and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 13%.

Ukraine, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, reducing by -4.6% against the previous year. Overall, the import price recorded a noticeable descent. The growth pace was the most rapid in 2019 when the average import price increased by 295% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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