Price for Vehicles; Mobile Drilling Derricks in Norway - 2023

Price for Vehicles; Mobile Drilling Derricks in Norway (FOB) - 2022

The average vehicles; mobile drilling derricks export price stood at $67,531 per unit in 2022, which is down by -10.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 177%. Over the period under review, the average export prices attained the peak figure at $111,504 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +193.6% per year.

Price for Vehicles; Mobile Drilling Derricks in Norway (CIF) - 2022

The average vehicles; mobile drilling derricks import price stood at $9,091 per unit in 2022, rising by 130% against the previous year. In general, the import price, however, continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2017 an increase of 324%. The import price peaked at $170,129 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($9,743 per unit), while the price for Germany stood at $7,473 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2,397.9%), while the prices for the other major suppliers experienced a decline.

Exports of Vehicles; Mobile Drilling Derricks in Norway

For the third consecutive year, Norway recorded decline in shipments abroad of vehicles; mobile drilling derrickses, which decreased by 0% to 2 units in 2022. Overall, exports continue to indicate a precipitous contraction. The smallest decline of -33.3% was in 2021. The exports peaked at 19 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vehicles; mobile drilling derricks exports contracted to $135K in 2022. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports reached the peak figure at $1.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Vehicles; Mobile Drilling Derricks in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	1,200	100	93.4	135	-51.7%
Bosnia and Herzegovina	N/A	5.0	N/A	N/A	0%
Djibouti	44.3	N/A	N/A	N/A	0%
Faroe Islands	227	N/A	N/A	N/A	0%
Portugal	N/A	N/A	58.2	N/A	0%
Netherlands	N/A	13.3	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	1,472	119	152	135	-54.9%

Top Export Markets for Vehicles; Mobile Drilling Derricks from Norway in 2022:

Sweden (2.0 units)

Imports of Vehicles; Mobile Drilling Derricks in Norway

In 2022, the amount of vehicles; mobile drilling derrickses imported into Norway surged to 3 units, picking up by 50% against the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vehicles; mobile drilling derricks imports soared to $27K in 2022. In general, imports, however, faced a sharp decrease. Imports peaked at $113K in 2019; however, from 2020 to 2022, imports failed to regain momentum.