Norway: Automotive Lighting Market 2024

Automotive Lighting Market Size in Norway

In 2021, the Norwegian automotive lighting market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Automotive Lighting Exports

Exports from Norway

In 2021, approx. X units of automotive lighting were exported from Norway; growing by 18% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, automotive lighting exports amounted to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Belgium (X units) and Sweden (X units) were the main destinations of automotive lighting exports from Norway, with a combined 83% share of total exports. Denmark, Nigeria, Lithuania and the United Arab Emirates lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +42.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for automotive lighting exports from Norway, comprising 35% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.3% per year) and Denmark (-7.6% per year).

Export Prices by Country

In 2021, the average automotive lighting export price amounted to $X per unit, with a decrease of -4.3% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 11%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Belgium ($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 United Arab Emirates (+6.7%), while the prices for the other major destinations experienced a decline.

Automotive Lighting Imports

Imports into Norway

In 2021, approx. X units of automotive lighting were imported into Norway; picking up by 9.3% compared with the year before. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, automotive lighting imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest automotive lighting supplier to Norway, accounting for a 35% share of total imports. Moreover, automotive lighting imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.7% per year) and Sweden (+0.2% per year).

In value terms, the largest automotive lighting suppliers to Norway were China ($X), the UK ($X) and Sweden ($X), together comprising 40% of total imports. Germany, Mexico, France, Taiwan (Chinese), the United States, Romania, Poland, Finland, Denmark and India lagged somewhat behind, together comprising a further 35%.

Mexico, with a CAGR of +42.1%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the average automotive lighting import price amounted to $X per unit, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2014 when the average import price increased by 26%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Mexico ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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