Norway: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Norway

The Norwegian positive displacement pump market totaled $X in 2021, growing by 13% 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). In general, consumption, however, recorded a drastic downturn. Positive displacement pump consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Positive Displacement Pump Exports

Exports from Norway

In 2021, overseas shipments of positive displacement pumps and hand pumps increased by 63% to X units, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 360% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, positive displacement pump exports rose remarkably to $X in 2021. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for positive displacement pump exports from Norway, with a 52% share of total exports. Moreover, positive displacement pump exports to Sweden exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was taken by Denmark (X units), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+30.3% per year) and Denmark (+61.7% per year).

In value terms, the largest markets for positive displacement pump exported from Norway were South Korea ($X), Poland ($X) and Sweden ($X), together comprising 59% of total exports. These countries were followed by Denmark and China, which together accounted for a further 10%.

In terms of the main countries of destination, Denmark, with a CAGR of +55.2%, saw the highest growth rate of 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

The average positive displacement pump export price stood at $X per unit in 2021, declining by -33.1% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 103% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Sweden ($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 Brunei Darussalam (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Positive Displacement Pump Imports

Imports into Norway

In 2021, the amount of positive displacement pumps and hand pumps imported into Norway skyrocketed to X units, picking up by 34% against the year before. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, positive displacement pump imports shrank slightly to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.1% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 35% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of positive displacement pump to Norway, with a 39% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was taken by France (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.5% per year) and France (+61.7% per year).

In value terms, the largest positive displacement pump suppliers to Norway were China ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising 42% of total imports. France, the UK, Sweden and Denmark lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, France, with a CAGR of +57.0%, saw the highest growth rate of 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

The average positive displacement pump import price stood at $X per unit in 2021, which is down by -26% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 89% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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