Norway: Measuring Instrument Market 2022

Measuring Instrument Market Size in Norway

After five years of growth, the Norwegian measuring instrument market decreased by -76.9% to $X in 2021. Overall, consumption faced a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank significantly in the following year.

Measuring Instrument Production in Norway

In value terms, measuring instrument production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2015 with an increase of 293%. Measuring instrument production peaked at $X in 2020, and then declined in the following year.

Measuring Instrument Exports

Exports from Norway

In 2021, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by 12% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 126%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, measuring instrument exports contracted modestly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 96%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Brazil (X units) were the main destinations of measuring instrument exports from Norway, together comprising 60% of total exports. These countries were followed by Indonesia, Sweden, Angola, the UK, the Netherlands, Lithuania, Germany, Denmark, Italy and France, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +123.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the UK ($X) and the United States ($X) constituted the largest markets for measuring instrument exported from Norway worldwide, with a combined 69% share of total exports. These countries were followed by Indonesia, Angola, the Netherlands, Sweden, the United Arab Emirates, Germany, Denmark, Lithuania, France and Italy, which together accounted for a further 11%.

Among the main countries of destination, Indonesia, with a CAGR of +80.8%, 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 measuring instrument export price stood at $X per unit in 2021, falling by -13.2% against the previous year. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 31%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 France (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Norway

For the third year in a row, Norway recorded decline in purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids, which decreased by -14.3% to X units in 2021. Overall, imports saw a mild reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 391% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, measuring instrument imports expanded markedly to $X in 2021. Over the period under review, imports, however, recorded a modest increase. The growth pace was the most rapid in 2013 when imports increased by 99%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Denmark (X units), Sweden (X units) and Germany (X units) were the main suppliers of measuring instrument imports to Norway, with a combined 59% share of total imports. The Netherlands, Angola, the United States, Italy, Austria, the UK, China, Switzerland and France lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were in Angola (with a CAGR of +154.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the UK ($X) appeared to be the largest measuring instrument suppliers to Norway, together accounting for 53% of total imports. The United States, Sweden, Denmark, France, China, Switzerland, Italy, Angola and Austria lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Angola, with a CAGR of +33.0%, saw the highest growth rate of 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 measuring instrument import price stood at $X per unit in 2021, with an increase of 25% against the previous year. Overall, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+16,000.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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