Norway: Invalid Carriage Market 2024

Invalid Carriage Market Size in Norway

In 2022, the Norwegian invalid carriage market increased by 3.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 5.7% against the previous year. Invalid carriage consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Invalid Carriage Production in Norway

In value terms, invalid carriage production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 3%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Invalid Carriage Exports

Exports from Norway

In 2022, after two years of growth, there was decline in shipments abroad of invalid carriages not mechanically propelled, when their volume decreased by -0.8% to X units. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 627%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, invalid carriage exports soared to $X in 2022. Overall, exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2013 when exports increased by 329% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X units), the United States (X units) and Sweden (X units) were the main destinations of invalid carriage exports from Norway, together accounting for 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +58.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the United States ($X) and Sweden ($X) constituted the largest markets for invalid carriage exported from Norway worldwide, with a combined 74% share of total exports. Finland, Germany, Uruguay and Hungary lagged somewhat behind, together comprising a further 18%.

Hungary, with a CAGR of +117.0%, recorded the highest growth rate of the value of exports, among 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 2022, the average invalid carriage export price amounted to $X per unit, picking up by 37% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 49% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Uruguay ($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 Hungary (+97.6%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Norway

In 2022, supplies from abroad of invalid carriages not mechanically propelled increased by 24% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 34%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, invalid carriage imports declined to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +29.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Sweden (X units), China (X units) and Germany (X units) were the main suppliers of invalid carriage imports to Norway, together accounting for 76% of total imports. France, the UK, the Netherlands, Denmark, Poland and Switzerland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest invalid carriage suppliers to Norway were Sweden ($X), Germany ($X) and France ($X), together comprising 65% of total imports.

France, with a CAGR of +37.3%, saw the highest rates of growth with regard to 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 2022, the average invalid carriage import price amounted to $X per unit, which is down by -24.8% against the previous year. Over the period under review, the import price, however, saw a temperate increase. The pace of growth was the most pronounced in 2017 an increase of 91% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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