Norway - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in Norway - 2023
Contents:
- Price for Lighting Equipment for Motor Vehicles in Norway (CIF) - 2023
- Price for Lighting Equipment for Motor Vehicles in Norway (FOB) - 2022
- Imports of Lighting Equipment for Motor Vehicles in Norway
- Exports of Lighting Equipment for Motor Vehicles in Norway
Price for Lighting Equipment for Motor Vehicles in Norway (CIF) - 2023
In September 2023, the average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $42.2 per unit, surging by 1.6% against the previous month. Over the period under review, import price indicated a notable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, lighting equipment for motor vehicles import price decreased by -10.8% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 26% m-o-m. Over the period under review, average import prices reached the maximum at $62.7 per unit in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($101 per unit), while the price for Taiwan (Chinese) ($14.9 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lighting Equipment for Motor Vehicles in Norway (FOB) - 2022
The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $48 per unit in 2022, with an increase of 45% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The export price peaked at $131 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($119 per unit), while the average price for exports to Lithuania ($7.3 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 Arab Emirates (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lighting Equipment for Motor Vehicles in Norway
After three years of growth, overseas purchases of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by -2.7% to 1.5M units in 2022. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports reached the peak of 1.6M units, and then fell slightly in the following year.
In value terms, lighting equipment for motor vehicles imports declined to $60M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $65M, and then shrank in the following year.
| Import of Lighting Equipment for Motor Vehicles in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 9.5 | 15.0 | 13.5 | 16.7% |
| United Kingdom | 3.1 | 5.4 | 7.7 | 5.4 | 20.3% |
| Sweden | 4.0 | 3.9 | 4.3 | 4.7 | 5.5% |
| Germany | 3.5 | 3.7 | 4.4 | 4.1 | 5.4% |
| France | 3.7 | 3.5 | 3.2 | 3.0 | -6.8% |
| Taiwan (Chinese) | 3.7 | 2.9 | 3.2 | 2.8 | -8.9% |
| Poland | 1.1 | 1.3 | 1.9 | 2.0 | 22.1% |
| Romania | 2.2 | 1.8 | 2.1 | 1.4 | -14.0% |
| Finland | 1.7 | 1.1 | 1.1 | 1.0 | -16.2% |
| Denmark | 0.8 | 0.6 | 0.7 | 0.7 | -4.4% |
| Portugal | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 19.2 | 18.0 | 21.5 | 21.1 | 3.2% |
| Total | 51.6 | 52.0 | 65.3 | 60.0 | 5.2% |
Top Suppliers of Lighting Equipment for Motor Vehicles to Norway in 2022:
- China (690.3K units)
- Taiwan (Chinese) (157.5K units)
- Sweden (116.4K units)
- United Kingdom (69.6K units)
- Germany (68.3K units)
- France (46.0K units)
- Poland (40.8K units)
- Denmark (39.1K units)
- Portugal (29.5K units)
- Romania (29.0K units)
- Finland (17.7K units)
Exports of Lighting Equipment for Motor Vehicles in Norway
In 2022, approx. 61K units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported from Norway; with a decrease of -20% against 2021 figures. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 20%. As a result, the exports reached the peak of 76K units, and then shrank notably in the following year.
In value terms, lighting equipment for motor vehicles exports soared to $3M in 2022. Overall, exports recorded a pronounced decline. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Lighting Equipment for Motor Vehicles in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 572 | 781 | 883 | 891 | 15.9% |
| Qatar | 1.2 | 0.3 | N/A | 521 | 657.2% |
| Denmark | 401 | 307 | 310 | 311 | -8.1% |
| Netherlands | 270 | 205 | 391 | 187 | -11.5% |
| Belgium | 149 | 140 | 171 | 134 | -3.5% |
| Germany | 315 | 223 | 201 | 85.0 | -35.4% |
| Finland | 340 | 47.7 | 83.2 | 53.7 | -45.9% |
| Nigeria | 1.6 | 24.8 | 18.2 | 31.2 | 169.2% |
| United States | 837 | 143 | 25.3 | 25.0 | -69.0% |
| Lithuania | 8.9 | 6.0 | 10.8 | 10.4 | 5.3% |
| Others | 363 | 345 | 459 | 708 | 24.9% |
| Total | 3,260 | 2,222 | 2,553 | 2,958 | -3.2% |
Top Export Markets for Lighting Equipment for Motor Vehicles from Norway in 2022:
- Sweden (19.5K units)
- Netherlands (14.3K units)
- Belgium (11.1K units)
- Qatar (4.4K units)
- Denmark (2.9K units)
- Nigeria (2.5K units)
- Lithuania (1.4K units)
- Finland (0.7K units)
- Germany (0.4K units)
- United States (0.3K units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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