Norway: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Norway

The Norwegian liquid supply meter market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decline. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Liquid Supply Meter Exports

Exports from Norway

Liquid supply meter exports from Norway soared to X units in 2021, growing by 156% against the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 287% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, liquid supply meter exports soared to $X in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 200%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for liquid supply meter exports from Norway, with a 50% share of total exports. Moreover, liquid supply meter exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was taken by Romania (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+23.6% per year) and Romania (+1,608.8% per year).

In value terms, the largest markets for liquid supply meter exported from Norway were Romania ($X), Germany ($X) and Italy ($X), with a combined 56% share of total exports.

Romania, with a CAGR of +97.0%, saw the highest rates of growth with regard to 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

The average liquid supply meter export price stood at $X per unit in 2021, falling by -18.5% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 154%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sweden ($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 Lithuania (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Norway

In 2021, after three years of decline, there was significant growth in supplies from abroad of liquid supply or production meters, when their volume increased by 11% to X units. Overall, imports, however, continue to indicate a slight setback. The pace of growth appeared the most rapid in 2016 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, liquid supply meter imports rose notably to $X in 2021. Over the period under review, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Slovakia (X units), Germany (X units) and Lithuania (X units) were the main suppliers of liquid supply meter imports to Norway, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +140.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid supply meter suppliers to Norway were Slovakia ($X), Lithuania ($X) and Germany ($X), with a combined 62% share of total imports.

Lithuania, with a CAGR of +107.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquid supply meter import price stood at $X per unit in 2021, increasing by 1.7% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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