Norway: Vacuum Pump Market 2024

Vacuum Pump Market Size in Norway

In 2022, the Norwegian vacuum pump market decreased by -1.5% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 3.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vacuum Pump Production in Norway

In value terms, vacuum pump production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1.7%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Vacuum Pump Exports

Exports from Norway

In 2022, approx. X units of vacuum pumps were exported from Norway; growing by 19% on the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, vacuum pump exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 53%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Latvia (X units), Sweden (X units) and Germany (X units) were the main destinations of vacuum pump exports from Norway, together accounting for 37% of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +50.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from Norway were the United States ($X), Denmark ($X) and Germany ($X), together accounting for 39% of total exports. Italy, Latvia, China, the UK, Sweden, the Netherlands, Brazil, Poland, South Korea and Canada lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, Latvia, with a CAGR of +55.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, rising by 2.9% against the previous year. In general, the export price, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Sweden ($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 Brazil (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Norway

Vacuum pump imports into Norway shrank to X units in 2022, therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum pump imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Switzerland (X units) and Germany (X units) were the main suppliers of vacuum pump imports to Norway, with a combined 74% share of total imports. Hungary, France, Sweden, the United States, the Netherlands and the UK lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +105.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Norway, comprising 27% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Switzerland, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.6% per year) and Switzerland (+1.1% per year).

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, declining by -5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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