Norway: Centrifuges Market 2025

Centrifuges Market Size in Norway

The Norwegian centrifuges market contracted remarkably to $X in 2021, with a decrease of -39.4% 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). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifuges Exports

Exports from Norway

Centrifuges exports from Norway surged to X units in 2021, picking up by 470% compared with the previous year. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 704% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, centrifuges exports soared to $X in 2021. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 686%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for centrifuges exports from Norway, with a 51% share of total exports. Moreover, centrifuges exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The United States (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +89.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.9% per year) and the United States (+49.1% per year).

In value terms, the UK ($X) emerged as the key foreign market for centrifuges exports from Norway, comprising 42% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +81.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+48.3% per year) and the United Arab Emirates (+5.5% per year).

Export Prices by Country

In 2021, the average centrifuges export price amounted to $X per unit, declining by -29% against the previous year. Over the period under review, the export price faced a deep reduction. The growth pace was the most rapid in 2018 an increase of 50%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 the Netherlands ($X per unit), while the average price for exports to the United States ($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 the Netherlands (-0.0%), while the prices for the other major destinations experienced a decline.

Centrifuges Imports

Imports into Norway

Centrifuges imports into Norway contracted notably to X units in 2021, which is down by -25.1% compared with the year before. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 229% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, centrifuges imports contracted remarkably to $X in 2021. In general, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 145%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the United States (X units) and France (X units) were the main suppliers of centrifuges imports to Norway, together accounting for 45% of total imports. These countries were followed by Poland, China, the Netherlands, South Korea, the UK, Sweden, Turkey, the United Arab Emirates, Denmark and Italy, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +364.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of centrifuges to Norway, comprising 57% of total imports. The second position in the ranking was held by France ($X), with a 6.9% share of total imports. It was followed by Denmark, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.7% per year) and Denmark (-7.2% per year).

Import Prices by Country

The average centrifuges import price stood at $X per unit in 2021, declining by -12.3% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 21%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for South Korea ($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 (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform