Report Update Nov 1, 2024

Norway - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Norway

The Norwegian electric rotary converter market dropped markedly to $X in 2021, waning by -22.7% 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). Over the period under review, consumption saw a abrupt downturn. Electric rotary converter consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Rotary Converter Exports

Exports from Norway

Electric rotary converter exports from Norway surged to X units in 2021, with an increase of 36% compared with the previous year. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 822% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric rotary converter exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 711% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units), South Korea (X units) and Germany (X units) were the main destinations of electric rotary converter exports from Norway, with a combined 66% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +74.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the UK ($X) constituted the largest markets for electric rotary converter exported from Norway worldwide, with a combined 83% share of total exports.

Germany, with a CAGR of +132.9%, saw 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 electric rotary converter export price stood at $X per unit in 2021, picking up by 161% against the previous year. Overall, the export price, however, showed a significant curtailment. The pace of growth was the most pronounced in 2016 an increase of 266% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Sudan ($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 the UK (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Norway

In 2021, electric rotary converter imports into Norway dropped significantly to X units, waning by -22% against 2020 figures. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 385%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports expanded sharply to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 259%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric rotary converter supplier to Norway, with a 44% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. Spain (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-5.0% per year) and Spain (+27.3% per year).

In value terms, Sweden ($X), Spain ($X) and Germany ($X) appeared to be the largest electric rotary converter suppliers to Norway, together comprising 73% of total imports.

Spain, with a CAGR of +139.5%, 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 electric rotary converter import price stood at $X per unit in 2021, picking up by 38% against the previous year. Over the period under review, the import price saw a modest increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 138% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Germany (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The United States remains the largest electric rotary converter consuming country worldwide, accounting for 39% of total volume. Moreover, electric rotary converter consumption in the United States exceeded the figures recorded by the second-largest consumer, Mozambique, fourfold. The third position in this ranking was occupied by the Netherlands, with an 8.2% share.

What are the largest producers of electric rotary converters in the world?

Germany constituted the country with the largest volume of electric rotary converter production, accounting for 38% of total volume. Moreover, electric rotary converter production in Germany exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. Vietnam ranked third in terms of total production with a 12% share.

What are the leading suppliers of electric rotary converters to Norway?

In value terms, Sweden, Spain and the UK were the largest electric rotary converter suppliers to Norway, with a combined 75% share of total imports.

What are the leading importers of electric rotary converters from Norway?

In value terms, Singapore, Germany and the Netherlands constituted the largest markets for electric rotary converter exported from Norway worldwide, together accounting for 63% of total exports.

What is the average export price for electric rotary converters in Norway?

The average electric rotary converter export price stood at $3,614 per unit in 2020, falling by -32.1% against the previous year.

What is the average import price for electric rotary converters in Norway?

In 2020, the average electric rotary converter import price amounted to $1,866 per unit, growing by 46% against the previous year.

This report provides an in-depth analysis of the electric rotary converter market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27113270 - Rotary converters

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023