Norway: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Norway

In 2021, the Norwegian vacuum cleaner with motor market increased by 18% to $X, rising for the sixth year in a row after three years of decline. In general, consumption enjoyed resilient growth. Vacuum cleaner with motor consumption peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Vacuum Cleaners With Motor

Exports from Norway

In 2021, vacuum cleaner with motor exports from Norway skyrocketed to X tons, with an increase of 23% compared with the previous year. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 128% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, vacuum cleaner with motor exports soared to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 229% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for vacuum cleaner with motor exports from Norway, accounting for a 80% share of total exports. Moreover, vacuum cleaner with motor exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), ninefold. Finland (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+17.4% per year) and Finland (+51.3% per year).

In value terms, Sweden ($X) remains the key foreign market for vacuum cleaners with motor exports from Norway, comprising 89% of total exports. The second position in the ranking was held by Germany ($X), with a 4.8% share of total exports. It was followed by Denmark, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.2% per year) and Denmark (+4.8% per year).

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, surging by 6.4% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 92%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 Germany (+19.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners With Motor

Imports into Norway

In 2021, overseas purchases of vacuum cleaners with motor increased by 4.8% to X tons, rising for the sixth consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 9.5%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to Norway, accounting for a 59% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-0.3% per year) and Germany (-5.7% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Norway, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 9.8% share of total imports. It was followed by Hungary, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Hungary (+2.2% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, picking up by 14% against the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Romania ($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 (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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