Norway: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Norway

The Norwegian centrifugal clothes-dryer market fell markedly to $X in 2021, which is down by -28.4% 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). Over the period under review, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Norway

Centrifugal clothes-dryer exports from Norway shrank to X units in 2021, waning by -10.3% compared with 2020. Overall, exports recorded a sharp descent. The pace of growth was the most pronounced in 2017 when exports increased by 1,714% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, centrifugal clothes-dryer exports reduced rapidly to $X in 2021. Over the period under review, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 3,214% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units) was the main destination for centrifugal clothes-dryer exports from Norway, accounting for a 69% share of total exports. Moreover, centrifugal clothes-dryer exports to Denmark exceeded the volume sent to the second major destination, Guinea (X units), fivefold. The United States (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (0.0% per year) and the United States (-59.2% per year).

In value terms, Denmark ($X) remains the key foreign market for centrifugal clothes-dryers exports from Norway, comprising 53% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports. It was followed by Sweden, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Denmark totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-36.0% per year) and Sweden (-32.3% per year).

Export Prices by Country

The average centrifugal clothes-dryer export price stood at $X per unit in 2021, with a decrease of -21.5% against the previous year. In general, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, 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 the United States ($X per unit), while the average price for exports to Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+75.4%), while the prices for the other major destinations experienced more modest paces of growth.

Centrifugal Clothes-Dryer Imports

Imports into Norway

Centrifugal clothes-dryer imports into Norway fell sharply to X units in 2021, reducing by -15.7% on the year before. Overall, imports showed a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by 159%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports reduced rapidly to $X in 2021. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 171% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Poland (X units) and Denmark (X units) were the main suppliers of centrifugal clothes-dryer imports to Norway, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +1.4%), while purchases for the other leaders experienced a decline.

In value terms, Poland ($X), France ($X) and Turkey ($X) appeared to be the largest centrifugal clothes-dryer suppliers to Norway, with a combined 83% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of -3.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average centrifugal clothes-dryer import price stood at $X per unit in 2021, falling by -30.7% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2014 an increase of 57% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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