Norway: Lamp Holder Market 2024

Lamp Holder Market Size in Norway

For the fourth year in a row, the Norwegian lamp holder market recorded growth in sales value, which increased by 23% to $X in 2022. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +78.9% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lamp Holder Production in Norway

In value terms, lamp holder production soared to $X in 2022 estimated in export price. Over the period under review, production posted a moderate increase. The most prominent rate of growth was recorded in 2017 with an increase of 172%. Lamp holder production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lamp Holder Exports

Exports from Norway

After three years of growth, overseas shipments of lamp holders, plugs and sockets decreased by -57.1% to X tons in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 21% against the previous year. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, lamp holder exports reduced markedly to $X in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 30%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Sweden (X tons) was the main destination for lamp holder exports from Norway, accounting for a 0.7% share of total exports. Moreover, lamp holder exports to Sweden exceeded the volume sent to the second major destination, China (X tons), ninefold. Finland (X tons) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.5% per year) and Finland (+0.2% per year).

In value terms, Sweden ($X) remains the key foreign market for lamp holders, plugs and sockets exports from Norway, comprising 59% of total exports. The second position in the ranking was taken by Finland ($X), with a 4% share of total exports. It was followed by China, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+0.0% per year) and China (+2.1% per year).

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, with a decrease of -2.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.3%), while the prices for the other major destinations experienced a decline.

Lamp Holder Imports

Imports into Norway

In 2022, supplies from abroad of lamp holders, plugs and sockets increased by 15% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% 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 +50.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, lamp holder imports declined modestly to $X in 2022. The total import value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp holder to Norway, with a 0.4% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.9% per year) and Poland (+14.7% per year).

In value terms, the largest lamp holder suppliers to Norway were China ($X), Germany ($X) and the United States ($X), together accounting for 46% of total imports. The UK, Sweden, Poland, France, Estonia, Denmark, Taiwan (Chinese), the Czech Republic, Austria and Finland lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Estonia, with a CAGR of +26.0%, recorded 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

In 2021, the average lamp holder import price amounted to $X per ton, shrinking by -2.6% against the previous year. Overall, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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