Norway: Video Monitor Market 2024

Video Monitor Market Size in Norway

In 2021, the Norwegian video monitor market increased by 16% to $X, rising for the sixth consecutive year after two years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.1% against 2015 indices. Video monitor consumption peaked in 2021 and is expected to retain growth in the immediate term.

Video Monitor Exports

Exports from Norway

In 2021, approx. X units of video monitors were exported from Norway; with an increase of 6% compared with the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 26% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, video monitor exports expanded remarkably to $X in 2021. Overall, exports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 13% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for video monitor exports from Norway, accounting for a 73% share of total exports. Moreover, video monitor exports to Sweden exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-9.2% per year) and the United States (-2.3% per year).

In value terms, Sweden ($X) remains the key foreign market for video monitors exports from Norway, comprising 36% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.3% per year) and the Netherlands (-8.3% per year).

Export Prices by Country

The average video monitor export price stood at $X per unit in 2021, rising by 6.2% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 24%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 UK (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Video Monitor Imports

Imports into Norway

In 2021, purchases abroad of video monitors increased by 7% to X units, rising for the sixth consecutive year after two years of decline. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.2% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 48% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, video monitor imports soared to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest video monitor supplier to Norway, accounting for a 84% share of total imports. It was followed by the Netherlands (X units), with a 2.2% share of total imports. Sweden (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.7% per year) and Sweden (-11.2% per year).

In value terms, China ($X) constituted the largest supplier of video monitors to Norway, comprising 71% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 3.4% share of total imports. It was followed by the Netherlands, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+110.6% per year) and the Netherlands (+11.9% per year).

Import Prices by Country

The average video monitor import price stood at $X per unit in 2021, rising by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 52%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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