Norway: Ignition Magneto Market 2025

Ignition Magneto Market Size in Norway

In 2021, the Norwegian ignition magneto market increased by 0.4% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by 5.5% against the previous year. Ignition magneto consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Ignition Magneto Production in Norway

In value terms, ignition magneto production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 5.6% against the previous year. Ignition magneto production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ignition Magneto Exports

Exports from Norway

After two years of decline, overseas shipments of ignition magnetos, magneto-dynamos and magnetic flywheels increased by 383% to X units in 2021. Overall, exports, however, recorded a sharp decrease. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ignition magneto exports soared to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X units) was the main destination for ignition magneto exports from Norway, with a 71% share of total exports. Moreover, ignition magneto exports to Belgium exceeded the volume sent to the second major destination, Nigeria (X units), threefold. Sweden (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +310.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Sweden (-45.3% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Norway, comprising 91% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.3% share of total exports. It was followed by Angola, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+258.2% per year) and Angola (+2.7% per year).

Export Prices by Country

In 2021, the average ignition magneto export price amounted to $X per unit, increasing by 649% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Sweden ($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 Angola (+295.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Magneto Imports

Imports into Norway

In 2021, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by 24% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports posted a measured expansion. The growth pace was the most rapid in 2013 with an increase of 151%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ignition magneto imports skyrocketed to $X in 2021. In general, imports showed a resilient expansion. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Sweden (X units) and Germany (X units) were the main suppliers of ignition magneto imports to Norway, with a combined 56% share of total imports. These countries were followed by China, Mexico, Japan, Italy and the Netherlands, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +49.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the United States ($X) and Japan ($X) appeared to be the largest ignition magneto suppliers to Norway, with a combined 60% share of total imports. The Netherlands, China, Germany, Italy and Mexico lagged somewhat behind, together comprising a further 21%.

Mexico, with a CAGR of +52.1%, saw the highest growth rate of 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 ignition magneto import price amounted to $X per unit, surging by 34% against the previous year. Overall, the import price enjoyed a temperate increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 59%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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