Norway: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Norway

The Norwegian motor vehicle engine market dropped to $X in 2021, waning by -8.3% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +8.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Motor Vehicle Engine Production in Norway

In value terms, motor vehicle engine production reduced to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Motor Vehicle Engine Exports

Exports from Norway

After two years of decline, shipments abroad of motor vehicle engines (spark-ignition) increased by 62% to X tons in 2021. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 86%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, motor vehicle engine exports surged to $X in 2021. In general, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X tons), Lithuania (X tons) and Sweden (X tons) were the main destinations of motor vehicle engine exports from Norway, together comprising 56% of total exports. These countries were followed by France, Nigeria, Ghana, Cameroon, the United Arab Emirates, the Netherlands, Estonia, Romania, Egypt and Gambia, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Cameroon (with a CAGR of +149.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle engine exported from Norway were Sweden ($X), France ($X) and Jordan ($X), with a combined 77% share of total exports.

France, with a CAGR of +76.5%, recorded 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

In 2021, the average motor vehicle engine export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2013 an increase of 39%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.6%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Engine Imports

Imports into Norway

After two years of decline, supplies from abroad of motor vehicle engines (spark-ignition) increased by 13% to X tons in 2021. In general, imports, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, motor vehicle engine imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and the United States (X tons) were the main suppliers of motor vehicle engine imports to Norway, together comprising 55% of total imports. Japan, Romania, the UK, Lithuania, the Netherlands, Italy, Slovakia, Poland, Canada and China lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +683.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Norway, comprising 36% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.3% per year) and Sweden (-6.3% per year).

Import Prices by Country

In 2021, the average motor vehicle engine import price amounted to $X per ton, growing by 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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