Norway: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in Norway

The Norwegian non-electric air heater market contracted to $X in 2022, waning by -9.9% 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). Overall, consumption continues to indicate a pronounced curtailment. Non-electric air heater consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Electric Air Heater Exports

Exports from Norway

In 2022, overseas shipments of non-electric air heaters or hot air distributors increased by 83% to X units, rising for the third consecutive year after three years of decline. Overall, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 287% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-electric air heater exports skyrocketed to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 182% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X units), Sweden (X units) and Denmark (X units) were the main destinations of non-electric air heater exports from Norway, together comprising 70% of total exports. Finland, Poland, Turkey, Iceland, India and Latvia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +357.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric air heater exported from Norway were Thailand ($X), Finland ($X) and Sweden ($X), with a combined 67% share of total exports. Denmark, Poland, Turkey, Iceland, India and Latvia lagged somewhat behind, together comprising a further 29%.

Turkey, with a CAGR of +218.9%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average non-electric air heater export price amounted to $X per unit, rising by 1.9% against the previous year. In general, the export price saw a noticeable expansion. The growth pace was the most rapid in 2018 an increase of 58%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to India ($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 India (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Air Heater Imports

Imports into Norway

In 2022, imports of non-electric air heaters or hot air distributors into Norway contracted to X units, with a decrease of -12.3% compared with the previous year. Over the period under review, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 73% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-electric air heater imports declined to $X in 2022. In general, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), Sweden (X units) and Denmark (X units) were the main suppliers of non-electric air heater imports to Norway, with a combined 50% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of non-electric air heaters or hot air distributors to Norway, comprising 34% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.1% per year) and Italy (-4.7% per year).

Import Prices by Country

In 2022, the average non-electric air heater import price amounted to $X per unit, with an increase of 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2016 an increase of 33%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 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 ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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