Norway: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Norway

The Norwegian remote control apparatus market skyrocketed to $X in 2021, increasing by 24% 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 saw a prominent expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Remote Control Apparatus Exports

Exports from Norway

In 2021, exports of radio remote control apparatus from Norway surged to X tons, jumping by 70% against the year before. Overall, exports, however, saw a abrupt contraction. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, remote control apparatus exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by 56%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for remote control apparatus exports from Norway, accounting for a 27% share of total exports. Moreover, remote control apparatus exports to Bahrain exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Algeria (X kg), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-6.8% per year) and Algeria (+34.1% per year).

In value terms, the largest markets for remote control apparatus exported from Norway were Bahrain ($X), Sweden ($X) and the UK ($X), together comprising 25% of total exports. These countries were followed by the United States, Poland, Germany, Algeria, China, Singapore, Lithuania and Ghana, which together accounted for a further 25%.

Lithuania, with a CAGR of +28.2%, recorded the highest growth rate of 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

The average remote control apparatus export price stood at $X per ton in 2021, waning by -11% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports into Norway

Remote control apparatus imports into Norway soared to X tons in 2021, growing by 22% against 2020. In general, imports posted a strong expansion. The growth pace was the most rapid in 2013 when imports increased by 91% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, remote control apparatus imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.6% against 2013 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 60%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and China (X tons) were the main suppliers of remote control apparatus imports to Norway, together accounting for 39% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +79.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest remote control apparatus suppliers to Norway were Germany ($X), China ($X) and France ($X), with a combined 27% share of total imports. The Czech Republic, Sweden, the Netherlands, Poland, Italy, Mexico, Austria and Japan lagged somewhat behind, together comprising a further 18%.

The Czech Republic, with a CAGR of +59.6%, recorded the highest growth rate of the value of imports, in terms of 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 remote control apparatus import price stood at $X per ton in 2021, increasing by 4.4% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2016 an increase of 28%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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