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

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

In 2021, the Norwegian market for diesel or semi-diesel electric generating sets of output under X kVA decreased by -14% to $X, falling for the third consecutive year after three years of growth. In general, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.7% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

Exports from Norway

In 2021, shipments abroad of diesel or semi-diesel electric generating sets of output under X kVA was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a temperate expansion. The pace of growth was the most pronounced in 2016 when exports increased by 131% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 70%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Denmark (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Norway, with a 33% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Denmark exceeded the volume sent to the second major destination, Iceland (X units), twofold. The UK (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark stood at +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+43.3% per year) and the UK (+10.9% per year).

In value terms, the largest markets for diesel or semi-diesel electric generating set of output under X kVA exported from Norway were Qatar ($X), Poland ($X) and the UK ($X), with a combined 55% share of total exports. Denmark, Iceland, Germany, Finland, Sweden, Estonia, Nigeria and Congo lagged somewhat behind, together comprising a further 24%.

Iceland, with a CAGR of +49.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 under X kVA stood at $X per unit in 2021, shrinking by -31.3% against the previous year. In general, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 when the average export price increased by 234%. The export price peaked at $X per unit in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Nigeria ($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 Congo (+22.6%), 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 Under 75 kVA

Imports into Norway

In 2021, imports of diesel or semi-diesel electric generating sets of output under X kva into Norway contracted markedly to X units, reducing by -27.6% compared with 2020 figures. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 42% against the previous year. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 24%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Sweden (X units) and Germany (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output under X kVA to Norway, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Norway were France ($X), Germany ($X) and Sweden ($X), with a combined 49% share of total imports.

In terms of the main suppliers, France, with a CAGR of +15.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, increasing by 60% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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