Norway: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Norway

The Norwegian market for motor vehicle chassis fitted with engines was estimated at $X in 2022, growing by 11% against the previous year. In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Norway

In value terms, production of motor vehicle chassis fitted with engines expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 52% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Norway

In 2022, exports of motor vehicle chassis fitted with engines from Norway skyrocketed to X units, with an increase of 900% compared with 2021. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of motor vehicle chassis fitted with engines dropped notably to $X in 2022. Overall, exports, however, continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 441%. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Norway, accounting for a 80% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Germany exceeded the volume sent to the second major destination, Russia (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Poland (-8.3% per year).

In value terms, Poland ($X) emerged as the key foreign market for motor vehicle chassis fitted with engines exports from Norway, comprising 80% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland stood at -35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Russia (0.0% per year).

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, waning by -94.9% against the previous year. In general, the export price recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 an increase of 441%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+78.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Norway

Imports of motor vehicle chassis fitted with engines into Norway skyrocketed to X units in 2022, with an increase of 250% compared with the previous year. In general, imports, however, continue to indicate a perceptible contraction. Over the period under review, imports of reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines fell significantly to $X in 2022. Over the period under review, imports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 186% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Norway, accounting for a 75% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Sweden exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. The third position in this ranking was taken by the United States (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+38.0% per year) and the United States (0.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Norway, comprising 77% of total imports. The second position in the ranking was held by Austria ($X), with a 22% share of total imports. It was followed by Italy, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+289.5% per year) and Italy (-26.1% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, with a decrease of -79.2% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 84% against the previous year. The import price peaked at $X per unit in 2021, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+182.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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