Norway: Electronic Metal Tester Market 2025

Electronic Metal Tester Market Size in Norway

The Norwegian electronic metal tester market soared to $X in 2021, jumping by 85% 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). Overall, consumption posted prominent growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Electronic Metal Tester Exports

Exports from Norway

In 2021, overseas shipments of electronic machines and appliances for testing metals increased by 48% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 223%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, electronic metal tester exports surged to $X in 2021. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 520% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for electronic metal tester exports from Norway, with a 76% share of total exports. Moreover, electronic metal tester exports to the United States exceeded the volume sent to the second major destination, Canada (X units), ninefold. Singapore (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+31.8% per year) and Singapore (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Norway, comprising 87% of total exports. The second position in the ranking was held by Canada ($X), with a 9.7% share of total exports. It was followed by the UK, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+72.3% per year) and the UK (+65.4% per year).

Export Prices by Country

In 2021, the average electronic metal tester export price amounted to $X per unit, picking up by 41% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 97% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 Italy (+45.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electronic Metal Tester Imports

Imports into Norway

In 2021, electronic metal tester imports into Norway skyrocketed to X units, rising by 120% against the year before. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 237% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, electronic metal tester imports expanded markedly to $X in 2021. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 158% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest supplier of electronic metal tester to Norway, accounting for a 53% share of total imports. Moreover, electronic metal tester imports from France exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. The third position in this ranking was held by Singapore (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.8% per year) and Singapore (+74.6% per year).

In value terms, the largest electronic metal tester suppliers to Norway were the UK ($X), France ($X) and Sweden ($X), together accounting for 55% of total imports. These countries were followed by Germany, Denmark, the United States, China and Singapore, which together accounted for a further 26%.

Among the main suppliers, Denmark, with a CAGR of +107.0%, recorded the highest rates of growth with regard to 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

The average electronic metal tester import price stood at $X per unit in 2021, waning by -50.7% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 147%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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