Norway: Microscope Market 2024

Microscope Market Size in Norway

The Norwegian microscope market declined to $X in 2021, which is down by -5.8% 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). Overall, consumption continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Microscope Exports

Exports from Norway

After two years of growth, shipments abroad of microscopes and diffraction apparatus decreased by -65.2% to X units in 2021. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 494% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, microscope exports shrank sharply to $X in 2021. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of 383% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined markedly in the following year.

Exports by Country

Denmark (X units), Sweden (X units) and Hong Kong SAR (X units) were the main destinations of microscope exports from Norway, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +44.3%), while the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X) remains the key foreign market for microscopes and diffraction apparatus exports from Norway, comprising 61% of total exports. The second position in the ranking was held by Denmark ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +71.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.4% per year) and Hong Kong SAR (0.0% per year).

Export Prices by Country

In 2021, the average microscope export price amounted to $X per unit, waning by -26.1% against the previous year. In general, the export price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 439% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Sweden ($X per unit), while the average price for exports to Hong Kong SAR ($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 the United States (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Microscope Imports

Imports into Norway

Microscope imports into Norway reduced to X units in 2021, which is down by -12.1% on the year before. In general, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 when imports increased by 522%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, microscope imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 540% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest microscope supplier to Norway, accounting for a 74% share of total imports. Moreover, microscope imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was taken by China (X units), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.4% per year) and China (-14.8% per year).

In value terms, the Czech Republic ($X), Japan ($X) and Sweden ($X) were the largest microscope suppliers to Norway, together accounting for 96% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average microscope import price amounted to $X per unit, surging by 44% against the previous year. Overall, the import price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2016 an increase of 136%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for France ($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 Czech Republic (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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