Norway: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Norway

In 2021, the Norwegian market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -30.3% to $X, falling for the fourth year in a row after three years of growth. In general, consumption showed a pronounced descent. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Norway

In value terms, non-electronic liquid or gas measurer production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 33%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Norway

In 2021, shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases increased by 80% to X units, rising for the third year in a row after three years of decline. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 117%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2021. In general, exports enjoyed moderate growth. The pace of growth was the most pronounced in 2020 when exports increased by 42%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-electronic liquid or gas measurer exports from Norway, with a 52% share of total exports. Moreover, non-electronic liquid or gas measurer exports to the United States exceeded the volume sent to the second major destination, Sweden (X units), sixfold. The third position in this ranking was held by Romania (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+11.2% per year) and Romania (+74.8% per year).

In value terms, the United States ($X), the UK ($X) and Germany ($X) appeared to be the largest markets for non-electronic liquid or gas measurer exported from Norway worldwide, together comprising 52% of total exports. Canada, Sweden, Denmark, the Netherlands, Romania, Trinidad and Tobago, Finland, the United Arab Emirates, South Korea and Japan lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Trinidad and Tobago, with a CAGR of +76.4%, saw the highest rates of growth with regard to the value of exports, 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 export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, declining by -25.6% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 47% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 Japan (+9.7%), while the prices for the other major destinations experienced a decline.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Norway

Non-electronic liquid or gas measurer imports into Norway surged to X units in 2021, jumping by 28% on the previous year. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, non-electronic liquid or gas measurer imports declined slightly to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 51%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Norway, together accounting for 49% of total imports. Denmark, Tunisia, Sweden, the United States, Malaysia, France, Croatia, Italy, Japan and the UK lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the biggest increases were in Tunisia (with a CAGR of +216.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the United States ($X) were the largest non-electronic liquid or gas measurer suppliers to Norway, with a combined 37% share of total imports. The Czech Republic, Denmark, Sweden, Japan, France, China, Italy, Tunisia, Croatia and Malaysia lagged somewhat behind, together accounting for a further 47%.

Tunisia, with a CAGR of +158.7%, saw the highest growth rate of 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 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, which is down by -24.9% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained 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 UK ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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