Norway: Resistor Market 2024

Resistor Market Size in Norway

In 2022, the Norwegian resistor market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Resistor Exports

Exports from Norway

In 2022, approx. X units of electrical resistors (except heating resistors) were exported from Norway; which is down by X% compared with the previous year's figure. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, resistor exports shrank slightly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Germany (X units) and the Netherlands (X units) were the main destinations of resistor exports from Norway, with a combined X% share of total exports. The United States, Poland, the UK, Turkey, Brazil, China, India, Denmark, Singapore and Finland lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for resistor exported from Norway were the UK ($X), the Netherlands ($X) and Brazil ($X), together comprising X% of total exports. The United States, Sweden, China, Denmark, Singapore, Turkey, India, Germany, Poland and Finland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, China, with a CAGR of X%, 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

The average resistor export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Germany (less than $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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into Norway

For the third year in a row, Norway recorded growth in overseas purchases of electrical resistors (except heating resistors), which increased by X% to X units in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, resistor imports skyrocketed to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The UK (X units), China (X units) and Germany (X units) were the main suppliers of resistor imports to Norway, together comprising X% of total imports. Taiwan (Chinese), Poland, Thailand, Italy, Israel, Japan and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest resistor suppliers to Norway were China ($X), Germany ($X) and the UK ($X), together comprising X% of total imports. Poland, Japan, Taiwan (Chinese), Israel, Denmark, Italy and Thailand lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw 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 resistor import price amounted to $X per thousand units, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per thousand units), while the price for Thailand ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :