Norway: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Norway

In 2022, the Norwegian air conditioning machine market increased by 5.7% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +39.9% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Air Conditioning Machine Production in Norway

In value terms, air conditioning machine production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a perceptible descent. Air conditioning machine production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Norway

In 2022, shipments abroad of non-window or wall air conditioning machines decreased by -2.7% to X units, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 62%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, air conditioning machine exports skyrocketed to $X in 2022. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 30%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units), Turkey (X units) and Thailand (X units) were the main destinations of air conditioning machine exports from Norway, with a combined 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +86.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for non-window or wall air conditioning machines exports from Norway, comprising 40% of total exports. The second position in the ranking was held by Faroe Islands ($X), with an 8.8% share of total exports. It was followed by Sweden, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+52.7% per year) and Sweden (-17.8% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2022, rising by 33% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Denmark ($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 Poland (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Norway

In 2022, overseas purchases of non-window or wall air conditioning machines increased by 3.7% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 64% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, air conditioning machine imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Thailand (X units), Sweden (X units) and China (X units) were the main suppliers of air conditioning machine imports to Norway, together comprising 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +41.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of non-window or wall air conditioning machines to Norway, comprising 36% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports. It was followed by Lithuania, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+28.1% per year) and Lithuania (+2.2% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2022, with an increase of 6.1% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform