Norway: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Norway

The Norwegian liquid dispensing pump market skyrocketed to $X in 2021, surging by 200% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Liquid Dispensing Pump Production in Norway

In value terms, liquid dispensing pump production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by 386%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Liquid Dispensing Pump Exports

Exports from Norway

In 2021, overseas shipments of pumps for dispensing liquids increased by 181% to X units, rising for the third year in a row after three years of decline. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 389% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid dispensing pump exports soared to $X in 2021. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2013 when exports increased by 329%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for liquid dispensing pump exports from Norway, accounting for a 59% share of total exports. Moreover, liquid dispensing pump exports to the United States exceeded the volume sent to the second major destination, China (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +71.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+38.9% per year) and the Netherlands (+31.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for pumps for dispensing liquids exports from Norway, comprising 63% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +68.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+49.1% per year) and China (+40.0% per year).

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, with a decrease of -7.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 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 Netherlands ($X per unit), while the average price for exports to Germany ($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 Saudi Arabia (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Dispensing Pump Imports

Imports into Norway

In 2021, after three years of growth, there was significant decline in overseas purchases of pumps for dispensing liquids, when their volume decreased by -32.7% to X units. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 2013 when imports increased by 43%. Imports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, liquid dispensing pump imports shrank remarkably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then declined notably in the following year.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of liquid dispensing pump imports to Norway, with a combined 56% share of total imports. These countries were followed by the UK, Denmark, Sweden, Malaysia, the United States and the Netherlands, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +91.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Denmark ($X) and Germany ($X) constituted the largest liquid dispensing pump suppliers to Norway, with a combined 44% share of total imports. These countries were followed by the United States, Italy, Sweden, Malaysia, China and the Netherlands, which together accounted for a further 35%.

In terms of the main suppliers, Malaysia, with a CAGR of +79.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average liquid dispensing pump import price amounted to $X per unit, with a decrease of -29.2% against the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 56%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :