Norway: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Norway

The Norwegian bicycle lighting market surged to $X in 2021, jumping by 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a noticeable reduction. Bicycle lighting consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bicycle Lighting Exports

Exports from Norway

In 2021, after two years of decline, there was significant growth in shipments abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume increased by 71% to X units. In general, exports, however, showed a precipitous descent. The growth pace was the most rapid in 2018 when exports increased by 3,087% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, bicycle lighting exports surged to $X in 2021. Over the period under review, exports, however, faced a dramatic contraction. The growth pace was the most rapid in 2018 when exports increased by 1,295% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of bicycle lighting exports from Norway, with a combined 87% share of total exports. Denmark and Iceland lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +36.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bicycle lighting exported from Norway were the Netherlands ($X), Sweden ($X) and Denmark ($X), together accounting for 75% of total exports.

Denmark, with a CAGR of +38.6%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average bicycle lighting export price amounted to $X per unit, rising by 23% against the previous year. Over the period under review, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 an increase of 151%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Ukraine ($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 Iceland (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Lighting Imports

Imports into Norway

In 2021, approx. X units of electrical or battery operated lighting or visual signalling for bicycles were imported into Norway; picking up by 24% on 2020. Overall, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, bicycle lighting imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a pronounced slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest bicycle lighting supplier to Norway, with a 82% share of total imports. Moreover, bicycle lighting imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. Denmark (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+24.2% per year) and Denmark (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of electrical or battery operated lighting or visual signalling for bicycles to Norway, comprising 67% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Germany, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+31.1% per year) and Germany (-22.1% per year).

Import Prices by Country

The average bicycle lighting import price stood at $X per unit in 2021, rising by 15% against the previous year. Overall, the import price, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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