Norway: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Norway

The Norwegian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA fell modestly to $X in 2022, with a decrease of -3.3% against the previous year. Over the period under review, consumption showed a abrupt contraction. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Norway

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a dramatic decline. Production of peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Norway

Exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Norway surged to X units in 2022, with an increase of 43% on the previous year. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 308%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA rose modestly to $X in 2022. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 846%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Jordan (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Norway, with a 21% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Jordan exceeded the volume sent to the second major destination, Suriname (X units), twofold. Sweden (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan totaled +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (0.0% per year) and Sweden (+7.2% per year).

In value terms, South Korea ($X), Croatia ($X) and China ($X) were the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Norway worldwide, together comprising 43% of total exports. The UK, Singapore, Poland, Jordan, Sweden, Germany, Lithuania, Iraq, Suriname and Italy lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Germany, with a CAGR of +105.9%, recorded the highest growth rate of 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

The average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, reducing by -27.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 147% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 South Korea ($X per unit), while the average price for exports to Suriname ($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 Italy (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Norway

In 2022, imports of diesel or semi-diesel electric generating sets of output over X kva but under X kva into Norway dropped modestly to X units, which is down by -4.3% compared with 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA rose notably to $X in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 61%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X units), Spain (X units) and France (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Norway, together comprising 47% of total imports. Germany, India, Ireland, China, Italy and Sweden lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and France ($X) were the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Norway, with a combined 49% share of total imports. Spain, Ireland, India, China, Italy and Sweden lagged somewhat behind, together accounting for a further 40%.

India, with a CAGR of +24.7%, 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

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, surging by 12% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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