Norway - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Norway - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights

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Electronic Chip Price in Norway - 2023

Contents:

  1. Electronic Chip Price in Norway (CIF) - 2022
  2. Electronic Chip Price in Norway (FOB) - 2022
  3. Electronic Chip Imports in Norway
  4. Electronic Chip Exports in Norway

Electronic Chip Price in Norway (CIF) - 2022

In 2022, the average electronic chip import price amounted to $0.5 per unit, shrinking by -2.7% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electronic chip import price increased by +26.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $0.5 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($1.4 per unit), while the price for Canada ($0.1 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 (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Electronic Chip Price in Norway (FOB) - 2022

The average electronic chip export price stood at $0.4 per unit in 2022, with an increase of 18% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $0.4 per unit in 2012; however, from 2013 to 2022, the 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 ($1.5 per unit), while the average price for exports to Estonia (less than $0.1 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 the United States (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports in Norway

For the fourth consecutive year, Norway recorded growth in supplies from abroad of electronic chips, which increased by 33% to 518M units in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip imports soared to $248M in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Electronic Chip in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)32.132.349.164.726.3%
China21.215.624.844.227.8%
Malaysia14.321.628.432.431.3%
South Korea6.97.515.018.238.2%
Thailand4.55.711.817.256.4%
Philippines5.54.710.716.443.9%
United States10.87.414.713.47.5%
Germany4.27.38.110.837.0%
Poland3.43.15.34.16.4%
Denmark1.72.32.42.716.7%
Hong Kong SAR0.20.20.62.0115.4%
Italy0.30.40.40.944.2%
Canada0.10.1N/A0.681.7%
Others16.814.420.220.87.4%
Total12212319124826.7%

Top Suppliers of Electronic Chip to Norway in 2022:

  1. China (112.3M units)
  2. Taiwan (Chinese) (90.4M units)
  3. Malaysia (55.0M units)
  4. Thailand (34.8M units)
  5. Poland (28.7M units)
  6. Denmark (22.1M units)
  7. Germany (22.0M units)
  8. Philippines (21.9M units)
  9. United States (21.5M units)
  10. Hong Kong SAR (15.2M units)
  11. South Korea (12.9M units)
  12. Italy (12.2M units)
  13. Canada (10.5M units)

Electronic Chip Exports in Norway

In 2022, approx. 144M units of electronic chips were exported from Norway; with a decrease of -12% against the year before. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports reached the peak of 164M units, and then dropped in the following year.

In value terms, electronic chip exports amounted to $54M in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Electronic Chip in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.59.46.813.233.9%
Sweden16.714.117.010.7-13.8%
Germany3.53.73.76.724.2%
China1.72.43.34.740.4%
United Kingdom3.51.92.42.7-8.3%
Denmark0.20.40.92.0115.4%
Netherlands2.01.73.01.1-18.1%
Poland1.51.31.91.0-12.6%
South Korea0.40.30.90.931.0%
Romania0.20.30.40.535.7%
EstoniaN/AN/AN/A0.10%
Hungary0.70.30.30.1-47.7%
Malaysia1.72.40.1N/A-75.7%
Others6.56.811.510.115.8%
Total44.244.952.053.96.8%

Top Export Markets for Electronic Chip from Norway in 2022:

  1. Malaysia (undefinedM units)
  2. Sweden (45.1M units)
  3. China (23.1M units)
  4. Germany (17.7M units)
  5. United States (9.0M units)
  6. South Korea (7.5M units)
  7. Poland (5.3M units)
  8. Denmark (4.7M units)
  9. United Kingdom (4.6M units)
  10. Estonia (4.1M units)
  11. Romania (2.4M units)
  12. Netherlands (1.7M units)
  13. Hungary (1.3M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electronic chip market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
  • Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
  • Prodcom 26113023 - Multichip integrated circuits: memories
  • Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
  • Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
  • Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
  • Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
  • Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
  • Prodcom 26113080 - Electronic integrated circuits: amplifiers
  • Prodcom 26113091 - Other multichip integrated circuits n.e.c.
  • Prodcom 26113094 - Other electronic integrated circuits n.e.c.

Country coverage:

  • Norway

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Norway
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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