Norway: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Norway

In 2021, the Norwegian internal combustion engines market decreased by -11% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 8.5%. Internal combustion engines consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in Norway

In value terms, internal combustion engines production contracted to $X in 2021 estimated in export price. In general, production showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Internal combustion engines production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Norway

In 2021, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Norway surged to X units, increasing by 85% compared with 2020 figures. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 130%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, internal combustion engines exports skyrocketed to $X in 2021. Overall, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for internal combustion engines exports from Norway, with a 39% share of total exports. Moreover, internal combustion engines exports to Nigeria exceeded the volume sent to the second major destination, France (X units), twofold. Lithuania (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+76.1% per year) and Lithuania (+95.7% per year).

In value terms, France ($X) emerged as the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Norway, comprising 37% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports. It was followed by Nigeria, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +113.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+4.5% per year) and Nigeria (+22.1% per year).

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2021, which is down by -16% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 106% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Cameroon ($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 France (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Norway

In 2021, overseas purchases of motor vehicles compression-ignition internal combustion piston engines decreased by -13.6% to X units for the first time since 2018, thus ending a two-year rising trend. In general, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 +40.0% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 55%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, internal combustion engines imports dropped slightly to $X in 2021. Over the period under review, imports recorded a noticeable descent. The growth pace was the most rapid in 2020 when imports increased by 38%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), the UK (X units) and Sweden (X units) were the main suppliers of internal combustion engines imports to Norway, with a combined 62% share of total imports. These countries were followed by the Netherlands, Poland, Lithuania, France, Japan, the United States and Denmark, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +72.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines suppliers to Norway were Germany ($X), Sweden ($X) and France ($X), with a combined 73% share of total imports. These countries were followed by the Netherlands, the UK, Japan, Poland, Lithuania, the United States and Denmark, which together accounted for a further 18%.

Among the main suppliers, Lithuania, with a CAGR of +73.7%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average internal combustion engines import price amounted to $X per unit, increasing by 12% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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