Norway - Relays - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRelay Price in Norway - 2023
Contents:
- Relay Price in Norway (CIF) - 2022
- Relay Price in Norway (FOB) - 2022
- Relay Imports in Norway
- Relay Exports in Norway
Relay Price in Norway (CIF) - 2022
In 2022, the average relay import price amounted to $3 per unit, waning by -5.5% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $5.5 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($31 per unit), while the price for France ($1.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Relay Price in Norway (FOB) - 2022
The average relay export price stood at $8.8 per unit in 2022, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 38% against the previous year. The export price peaked at $12 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($18 per unit), while the average price for exports to Hungary ($3.4 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 Sweden (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Norway
For the fourth consecutive year, Norway recorded growth in supplies from abroad of relays, which increased by 25% to 15M units in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, relay imports skyrocketed to $43M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Relay in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 3.1 | 4.5 | 6.2 | 45.8% |
| Germany | 4.4 | 4.2 | 5.4 | 6.2 | 12.1% |
| Finland | 4.0 | 4.5 | 4.5 | 5.0 | 7.7% |
| Thailand | N/A | N/A | N/A | 3.4 | 0% |
| France | 2.6 | 2.6 | 3.3 | 2.8 | 2.5% |
| Singapore | 0.1 | 0.1 | N/A | 2.6 | 196.2% |
| United Kingdom | 1.4 | 1.3 | 2.2 | 2.2 | 16.3% |
| Sweden | 1.9 | 2.1 | 2.8 | 2.0 | 1.7% |
| Japan | 0.7 | 0.4 | 1.8 | 1.6 | 31.7% |
| Hungary | 1.6 | 2.8 | 2.1 | 1.2 | -9.1% |
| Czech Republic | 0.8 | 0.7 | 0.9 | 0.9 | 4.0% |
| Indonesia | 0.6 | 0.6 | 0.7 | 0.7 | 5.3% |
| Romania | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Others | 8.4 | 6.9 | 7.9 | 7.9 | -2.0% |
| Total | 29.0 | 29.6 | 36.6 | 43.3 | 14.3% |
Top Suppliers of Relay to Norway in 2022:
- China (3.6M units)
- Germany (2.2M units)
- France (1.9M units)
- Thailand (1.2M units)
- Singapore (1.0M units)
- United Kingdom (0.6M units)
- Indonesia (0.5M units)
- Sweden (0.5M units)
- Japan (0.5M units)
- Czech Republic (0.4M units)
- Romania (0.2M units)
- Finland (0.2M units)
- Hungary (0.2M units)
Relay Exports in Norway
In 2022, approx. 663K units of relays were exported from Norway; increasing by 14% on 2021. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, relay exports skyrocketed to $5.8M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Relay in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 216 | 262 | 518 | 878 | 59.6% |
| Sweden | 150 | 153 | 589 | 747 | 70.8% |
| China | 791 | 400 | 226 | 643 | -6.7% |
| Netherlands | 544 | 378 | 301 | 334 | -15.0% |
| United States | 116 | 98.5 | 81.9 | 293 | 36.2% |
| Spain | 51.6 | 52.6 | 439 | 292 | 78.2% |
| United Kingdom | 304 | 229 | 114 | 251 | -6.2% |
| Singapore | 138 | 171 | 75.7 | 224 | 17.5% |
| Hungary | 16.6 | 82.0 | 375 | 201 | 129.6% |
| Denmark | 174 | 225 | 61.1 | 176 | 0.4% |
| Brazil | 68.6 | 105 | 178 | 161 | 32.9% |
| Lithuania | 508 | 232 | 92.4 | 138 | -35.2% |
| Qatar | 7.3 | 20.8 | 12.5 | 125 | 157.7% |
| Others | 1,503 | 1,259 | 1,476 | 1,353 | -3.4% |
| Total | 4,588 | 3,668 | 4,540 | 5,815 | 8.2% |
Top Export Markets for Relay from Norway in 2022:
- China (91.0K units)
- Sweden (85.5K units)
- Netherlands (61.5K units)
- Hungary (58.7K units)
- Germany (56.9K units)
- Spain (40.8K units)
- Singapore (29.4K units)
- Qatar (27.8K units)
- Brazil (21.5K units)
- Denmark (19.8K units)
- United Kingdom (17.6K units)
- United States (16.2K units)
- Lithuania (13.1K units)
This report provides an in-depth analysis of the relay 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 27122433 - Relays for a voltage . .60 V and for a current . 2 A
- Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
- Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
333
This report provides an in-depth analysis of the relay market in Norway.
384
This report provides an in-depth analysis of the lamp holder market in Norway.
563
This report provides an in-depth analysis of the electrical circuit apparatus market in Norway.
464
This report provides an in-depth analysis of the circuit breaker market in Norway.
369
This report provides an in-depth analysis of the electrical fuse market in Norway.
1241
This report provides an in-depth analysis of the global relay market.
916
This report provides an in-depth analysis of the global lamp holder market.
861
This report provides an in-depth analysis of the global electrical circuit apparatus market.
1484
This report provides an in-depth analysis of the global circuit breaker market.
895
This report provides an in-depth analysis of the global electrical fuse market.
662
In value terms, portable and electric lamps imports amounted to $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value decreased at an average annual rat...
728
In value terms, portable and electric lamps exports stood at $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total exports value decreased at an average annual rate of -X>
660
In 2016, the global imports of lamp holder amounted to X tons, going up by X% against the previous year figure. In general, lamp holder imports continue to indicate a drastic shrinkage. The most...
736
In 2016, the global imports of lamp holder amounted to X tons, going up by X% against the previous year figure. In general, lamp holder imports continue to indicate a drastic shrinkage. The most...
867
In value terms, electrical apparatus imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicate...
1159
In value terms, electrical machines and apparatus imports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual rat...
929
In value terms, electrical apparatus exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some not...
1292
In value terms, electrical machines and apparatus exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value decreased at an average annual rate...
764
In 2016, the amount of circuit breaker imported worldwide stood at X tons, jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ove...
1184
In 2016, the amount of circuit breaker imported worldwide stood at X tons, jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ove...
