Norway: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Norway

The Norwegian market for instrument panel and wall clocks reduced rapidly to $X in 2020, falling by -X% against the previous year. In general, consumption saw a perceptible contraction. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Instrument Panel And Wall Clocks in Norway

In value terms, instrument panel and wall clock production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, the total production indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Instrument Panel And Wall Clocks

Exports from Norway

In 2020, approx. X tons of instrument panel and wall clocks were exported from Norway; reducing by -X% against the year before. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports surged to $X in 2020. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for instrument panel and wall clock exports from Norway, accounting for a X% share of total exports. Moreover, instrument panel and wall clock exports to Finland exceeded the volume sent to the second major destination, Sweden (X kg), threefold. The third position in this ranking was occupied by Germany (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Finland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Germany (+X% per year).

In value terms, Finland ($X) remains the key foreign market for instrument panel and wall clock exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Finland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Sweden (-X% per year).

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Norway

In 2020, approx. X tons of instrument panel and wall clocks were imported into Norway; shrinking by -X% against 2019 figures. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock imports shrank notably to $X in 2020. In general, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest instrument panel and wall clock supplier to Norway, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Hong Kong SAR (-X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Norway, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Sweden (-X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price continues to indicate a notable increase. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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