Norway: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Norway

In 2022, the Norwegian motorcycle, scooter and side-car market decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption, however, continues to indicate buoyant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped remarkably in the following year.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Norway

In 2022, after two years of growth, there was significant decline in shipments abroad of motorcycles, scooters and side-cars, when their volume decreased by X% to X units. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, motorcycle, scooter and side-car exports shrank rapidly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Sweden (X units) was the main destination for motorcycle, scooter and side-car exports from Norway, with a X% share of total exports. Moreover, motorcycle, scooter and side-car exports to Sweden exceeded the volume sent to the second major destination, Finland (X units), sevenfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the Netherlands (X% per year).

In value terms, Sweden ($X) remains the key foreign market for motorcycles, scooters and side-cars exports from Norway, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average motorcycle, scooter and side-car export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while the average price for exports to Israel ($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 Sweden (X%), while the prices for the other major destinations experienced a decline.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Norway

After ten years of growth, supplies from abroad of motorcycles, scooters and side-cars decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, motorcycle, scooter and side-car imports dropped to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle, scooter and side-car supplier to Norway, accounting for a X% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest motorcycle, scooter and side-car suppliers to Norway were China ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Japan, Thailand, the Netherlands, Hungary, Bulgaria and Poland lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle, scooter and side-car import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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