Norway: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Norway

The Norwegian electronic lamp machine market surged to $X in 2021, jumping by 128% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a precipitous decline. Electronic lamp machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electronic Lamp Machine Exports

Exports from Norway

In 2021, overseas shipments of machines for electric or electronic lamps, tubes, valves or flashbulbs decreased by -20% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 2,200%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic lamp machine exports shrank sharply to $X in 2021. In general, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2015 with an increase of 7,345% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units), the Netherlands (X units) and Finland (X units) were the main destinations of electronic lamp machine exports from Norway. Moreover, electronic lamp machine exports in the UK exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), Finland ($X) and Denmark ($X) were the largest markets for electronic lamp machine exported from Norway worldwide, together comprising 89% of total exports.

Denmark, with a CAGR of +41.7%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average electronic lamp machine export price amounted to $X per unit, declining by -25.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 257%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Denmark ($X per unit), while the average price for exports to the Netherlands ($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 Denmark (+15.6%), while the prices for the other major destinations experienced a decline.

Electronic Lamp Machine Imports

Imports into Norway

In 2021, electronic lamp machine imports into Norway skyrocketed to X units, surging by 36% on the previous year. Overall, imports, however, continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 189% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electronic lamp machine imports soared to $X in 2021. In general, imports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 520% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of electronic lamp machine to Norway, with a 47% share of total imports. Moreover, electronic lamp machine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X units), twofold. The third position in this ranking was held by China (X units), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-35.0% per year) and China (-43.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of electronic lamp machine to Norway, comprising 66% of total imports. The second position in the ranking was held by Denmark ($X), with a 13% share of total imports. It was followed by China, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-22.5% per year) and China (-29.2% per year).

Import Prices by Country

In 2021, the average electronic lamp machine import price amounted to $X per unit, surging by 40% against the previous year. Overall, the import price showed a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 114% against the previous year. Over the period under review, average import prices attained the peak figure 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 UK ($X per unit), while the price for Finland ($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 Netherlands (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :