Norway: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Norway

The Norwegian market for window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022, jumping by 22% 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). In general, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Norway

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were exported from Norway; dropping by -19.4% on the year before. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by 1,371% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. Overall, exports recorded a perceptible descent. The growth pace was the most rapid in 2014 when exports increased by 367%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Sweden (X units), Finland (X units) and South Korea (X units) were the main destinations of exports of window or wall air conditioning systems, self-contained or split-systems from Norway, together accounting for 67% of total exports. The Netherlands, Qatar, Estonia, Vietnam, Denmark, Poland, Italy and Romania lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +56.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) emerged as the key foreign market for window or wall air conditioning systems, self-contained or split-systems exports from Norway, comprising 48% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.3% share of total exports. It was followed by Qatar, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-16.1% per year) and Qatar (+166.4% per year).

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, rising by 69% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 192%. 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 South Korea ($X per unit), while the average price for exports to Estonia ($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 Qatar (+86.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Norway

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were imported into Norway; picking up by 26% compared with the year before. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 65% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +125.5% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Sweden (X units), Thailand (X units) and Malaysia (X units) were the main suppliers of imports of window or wall air conditioning systems, self-contained or split-systems to Norway, with a combined 63% share of total imports. China, Romania, Finland, Estonia, Japan and South Korea lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +101.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest window, wall, or split air conditioning system suppliers to Norway were Thailand ($X), Malaysia ($X) and Sweden ($X), together comprising 62% of total imports. China, Estonia, Finland, Romania, Japan and South Korea lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Romania, with a CAGR of +84.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, shrinking by -4.3% against the previous year. In general, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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