Norway: Dc Motor Market 2024

Dc Motor Market Size in Norway

The Norwegian DC motor market soared to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Consumption peaked in 2022 and is expected to retain growth in years to come.

Dc Motor Exports

Exports from Norway

DC motor exports from Norway reduced to X units in 2022, falling by X% against the previous year's figure. Overall, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, DC motor exports reduced to $X in 2022. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Sweden (X units) and Poland (X units) were the main destinations of DC motor exports from Norway, with a combined X% share of total exports. China, the Netherlands, Iceland, Denmark, the United States, Vietnam, Turkey and Faroe Islands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for DC motors exports from Norway, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average DC motor export price amounted to $X per unit, flattening at the previous year. Overall, the export price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($X per unit), while the average price for exports to China ($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 Faroe Islands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dc Motor Imports

Imports into Norway

In 2022, imports of DC motors into Norway soared to X units, picking up by X% compared with 2021 figures. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, DC motor imports reached $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest DC motor supplier to Norway, accounting for a X% share of total imports. Moreover, DC motor imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. The third position in this ranking was taken by Germany (X units), with an 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: Switzerland (X% per year) and Germany (X% per year).

In value terms, the largest DC motor suppliers to Norway were Germany ($X), Switzerland ($X) and China ($X), with a combined X% share of total imports. The United States, Sweden, India, Bulgaria, Denmark, Italy, Japan, the UK, Slovakia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded 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

In 2022, the average DC motor import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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