Norway: Photo Camera Market 2024

Photo Camera Market Size in Norway

The Norwegian photo camera market fell to $X in 2022, with a decrease of -12.1% 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). Overall, consumption, however, showed strong growth. Photo camera consumption peaked at $X in 2021, and then declined in the following year.

Photo Camera Exports

Exports from Norway

In 2022, shipments abroad of photographic (other than cinematographic) cameras increased by 20% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 37% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, photo camera exports reached $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 193% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units), Germany (X units) and Sweden (X units) were the main destinations of photo camera exports from Norway, with a combined 57% share of total exports. The United States, Denmark, the Netherlands, Latvia, Canada, Brazil, Chile and Austria lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +37.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for photo camera exported from Norway were the United States ($X), the UK ($X) and the Netherlands ($X), with a combined 62% share of total exports. Brazil, Canada, Germany, Sweden, Latvia, Chile, Austria and Denmark lagged somewhat behind, together comprising a further 24%.

Canada, with a CAGR of +60.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average photo camera export price amounted to $X per unit, shrinking by -6.4% against the previous year. Over the period under review, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 114%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell in the following year.

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 the United States ($X per unit), while the average price for exports to Sweden ($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 Canada (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Norway

In 2022, purchases abroad of photographic (other than cinematographic) cameras decreased by -20.8% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2014 with an increase of 69%. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced remarkably in the following year.

In value terms, photo camera imports reached $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 86%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of photo camera to Norway, with a 61% share of total imports. Moreover, photo camera imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Germany (X units), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +52.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and Germany (+8.6% per year).

In value terms, the largest photo camera suppliers to Norway were the United States ($X), China ($X) and Germany ($X), together comprising 54% of total imports.

The United States, with a CAGR of +22.8%, recorded 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

The average photo camera import price stood at $X per unit in 2022, growing by 27% against the previous year. In general, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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