Norway: Market for Television, Video and Digital Cameras 2024

Market Size for Television, Video and Digital Cameras in Norway

After two years of growth, the Norwegian market for television, video and digital cameras decreased by -14.2% to $X in 2022. In general, consumption recorded a deep setback. Television, video and digital camera consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Television, Video and Digital Cameras

Exports from Norway

In 2022, exports of television, video and digital cameras from Norway soared to X units, with an increase of 19% against 2021. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 85% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, television, video and digital camera exports rose slightly to $X in 2022. Overall, exports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2019 with an increase of 106% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Sweden (X units) and Denmark (X units) were the main destinations of television, video and digital camera exports from Norway, together accounting for 75% of total exports. Poland, the UK, the Czech Republic, the Netherlands, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +68.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for television, video and digital cameras exports from Norway, comprising 53% of total exports. The second position in the ranking was held by Sweden ($X), with a 5.2% share of total exports. It was followed by the UK, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-5.2% per year) and the UK (+4.1% per year).

Export Prices by Country

The average export price for television, video and digital cameras stood at $X per unit in 2022, which is down by -12.8% against the previous year. In general, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Denmark ($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 Germany (+13.3%), while the prices for the other major destinations experienced a decline.

Imports of Television, Video and Digital Cameras

Imports into Norway

After two years of growth, purchases abroad of television, video and digital cameras decreased by -9.6% to X units in 2022. Over the period under review, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 25%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, television, video and digital camera imports reduced to $X in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of television, video and digital camera to Norway, accounting for a 70% share of total imports. Moreover, television, video and digital camera imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.5% per year) and Vietnam (+47.1% per year).

In value terms, China ($X) constituted the largest supplier of television, video and digital cameras to Norway, comprising 45% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by Poland, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-14.0% per year) and Poland (+25.8% per year).

Import Prices by Country

The average import price for television, video and digital cameras stood at $X per unit in 2022, growing by 1.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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