Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway - 2024

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway (CIF) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway (FOB) - 2022
3. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway
4. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway (CIF) - 2022

The average import price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $14,448,201 per unit in 2022, growing by 13% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vessels; other, including warships and lifeboats, other than rowing boatses decreased by -25.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 118% against the previous year. As a result, import price attained the peak level of $19,401,668 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cayman Islands ($54,216,862 per unit), while the price for Denmark ($1,341 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway (FOB) - 2022

In 2022, the average export price for vessels; other, including warships and lifeboats, other than rowing boatses amounted to $2,817,960 per unit, reducing by -78% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 272% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,829,904 per unit in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($8,079,149 per unit), while the average price for exports to Finland ($6,922 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 Iceland (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway

In 2022, purchases abroad of vessels; other, including warships and lifeboats, other than rowing boatses was finally on the rise to reach 37 units after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses skyrocketed to $535M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.5% against 2020 indices. Over the period under review, imports of attained the maximum at $560M in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to Norway in 2022:

1. Romania (9.0 units)
2. Turkey (4.0 units)
3. Cayman Islands (3.0 units)
4. Bahamas (1.0 units)
5. Italy (1.0 units)
6. Denmark (1.0 units)
7. Finland (1.0 units)
8. France (1.0 units)
9. United States (1.0 units)
10. China (1.0 units)
11. Gibraltar (1.0 units)
12. Croatia (1.0 units)
13. Cyprus (1.0 units)

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Norway

In 2022, exports of vessels; other, including warships and lifeboats, other than rowing boatses from Norway reduced modestly to 28 units, which is down by -3.4% on the previous year. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 21%. The exports peaked at 33 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses contracted remarkably to $79M in 2022. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 50%. As a result, the exports reached the peak of $372M, and then reduced notably in the following year.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from Norway in 2022:

1. Canada (1.0 units)
2. Australia (1.0 units)
3. Iceland (1.0 units)
4. Finland (1.0 units)
5. France (1.0 units)
6. Bahamas (1.0 units)
7. Germany (1.0 units)
8. Hong Kong SAR (1.0 units)
9. Greece (1.0 units)
10. Belgium (1.0 units)
11. China (1.0 units)
12. Cyprus (1.0 units)
13. Denmark (1.0 units)

Source: IndexBox Market Intelligence Platform