Norway: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Norway

The Norwegian mounted piezo-electric crystals market soared to $X in 2021, growing by 68% 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). Over the period under review, consumption recorded a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mounted Piezo-Electric Crystals Exports

Exports from Norway

In 2021, mounted piezo-electric crystals exports from Norway skyrocketed to X units, rising by 180% compared with the previous year's figure. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 1,302% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, mounted piezo-electric crystals exports soared to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 945%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for mounted piezo-electric crystals exports from Norway, with a 37% share of total exports. Moreover, mounted piezo-electric crystals exports to Sweden exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by Lithuania (X units), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to +290.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.6% per year) and Lithuania (+0.0% per year).

In value terms, Lithuania ($X) emerged as the key foreign market for mounted piezo-electric crystals exports from Norway, comprising 26% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by Thailand, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Lithuania amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.6% per year) and Thailand (-27.8% per year).

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per unit, waning by -45.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 162% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while the average price for exports to Sweden ($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 Denmark (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into Norway

For the fifth consecutive year, Norway recorded growth in purchases abroad of mounted piezo-electric crystals, which increased by 104% to X units in 2021. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mounted piezo-electric crystals imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 72% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of mounted piezo-electric crystals imports to Norway, with a combined 69% share of total imports. South Korea, Germany, the United States, Thailand and Sweden lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +65.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted piezo-electric crystals suppliers to Norway were the United States ($X), Germany ($X) and China ($X), with a combined 58% share of total imports. These countries were followed by Taiwan (Chinese), Japan, South Korea, Thailand and Sweden, which together accounted for a further 24%.

In terms of the main suppliers, Thailand, with a CAGR of +33.1%, saw 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 mounted piezo-electric crystals import price amounted to $X per unit, dropping by -35.4% against the previous year. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of 60% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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