Norway: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Norway

The Norwegian pneumatic linear acting actuator market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +11.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Norway

In 2022, overseas shipments of pneumatic linear acting actuators decreased by -15.5% to X units, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by 91%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 127%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and the United States (X units) were the main destinations of pneumatic linear acting actuator exports from Norway, together comprising 48% of total exports. The UK, Sweden, China, Spain, Denmark, the Czech Republic, Brazil, Italy, Switzerland and South Korea lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +59.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Norway, comprising 27% of total exports. The second position in the ranking was held by the UK ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+15.3% per year) and the Netherlands (+4.4% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, jumping by 36% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic linear acting actuator export price increased by +135.4% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Italy ($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 the United States (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Norway

After two years of decline, purchases abroad of pneumatic linear acting actuators increased by 12% to X units in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest pneumatic linear acting actuator supplier to Norway, with a 37% share of total imports. Moreover, pneumatic linear acting actuator imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Hungary (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+19.4% per year) and Hungary (+4.1% per year).

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Norway, comprising 42% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Hungary, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.7% per year) and Hungary (+3.6% per year).

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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