Norway: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Norway

The Norwegian market for diesel engines (other than for motor vehicles and aircraft) shrank dramatically to $X in 2022, which is down by -16.3% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.9% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Norway

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight expansion. The pace of growth appeared the most rapid in 2016 with an increase of 867% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Norway

After three years of decline, shipments abroad of diesel engines (other than for motor vehicles and aircraft) increased by 44% to X units in 2022. Over the period under review, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 202% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 102%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X units), Spain (X units) and Sweden (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Norway, together comprising 44% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +65.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Norway were Sri Lanka ($X), Spain ($X) and Romania ($X), together comprising 36% of total exports.

In terms of the main countries of destination, Sri Lanka, with a CAGR of +135.4%, recorded the highest rates of growth with regard to the value of exports, 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 export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by 5.8% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 an increase of 80%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 Romania ($X per unit), while the average price for exports to Saudi Arabia ($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 Sri Lanka (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Norway

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported into Norway; declining by -32% against the year before. In general, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of X units, and then declined markedly in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 27%. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Norway, with a 29% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from Sweden exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.1% per year) and Germany (+2.9% per year).

In value terms, Sweden ($X), Germany ($X) and Japan ($X) appeared to be the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Norway, with a combined 55% share of total imports. France, the UK, the United States, the Netherlands, Denmark, Italy, China and Poland lagged somewhat behind, together comprising a further 29%.

Poland, with a CAGR of +48.5%, 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 diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, growing by 30% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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