Norway: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Norway

The Norwegian market for wiring sets used in vehicles, aircraft or ships dropped to $X in 2022, with a decrease of -3.6% against the previous year. In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Norway

In value terms, production of wiring sets used in vehicles, aircraft or ships contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 67% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Norway

Exports of wiring sets used in vehicles, aircraft or ships from Norway skyrocketed to X tons in 2022, rising by 84% compared with the previous year's figure. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 147% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships stood at $X in 2022. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 81% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Norway, with a 45% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Poland exceeded the volume sent to the second major destination, Sweden (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-16.6% per year) and the UK (+14.8% per year).

In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from Norway were Poland ($X), Sweden ($X) and the UK ($X), with a combined 44% share of total exports. Germany, the United States, Denmark, Turkey, the Netherlands, France, Finland, Vietnam and Angola lagged somewhat behind, together accounting for a further 41%.

Turkey, with a CAGR of +17.5%, saw the highest rates of growth with regard to 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

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, declining by -45.3% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 an increase of 68%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Norway

In 2022, overseas purchases of wiring sets used in vehicles, aircraft or ships increased by 0.5% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. 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 wiring sets used in vehicles, aircraft or ships stood at $X in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Norway, accounting for a 26% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.5% per year) and Hungary (+43.4% per year).

In value terms, Hungary ($X), China ($X) and Germany ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to Norway, with a combined 36% share of total imports. The United States, Lithuania, Sweden, Mexico, the Czech Republic, the Netherlands, Poland, the UK, Morocco and Vietnam lagged somewhat behind, together comprising a further 45%.

Vietnam, with a CAGR of +94.7%, 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

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, increasing by 6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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