Norway: Centrifuges Market 2024

Centrifuges Market Size in Norway

The Norwegian centrifuges market surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw moderate growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Centrifuges Exports

Exports from Norway

In 2022, the amount of centrifuges exported from Norway shrank significantly to X units, which is down by X% compared with 2021. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, centrifuges exports fell sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for centrifuges exports from Norway, with a X% share of total exports. Moreover, centrifuges exports to the UK exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. Saudi Arabia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Saudi Arabia (X% per year).

In value terms, the UK ($X) remains the key foreign market for centrifuges exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2022, the average centrifuges export price amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Faroe Islands ($X 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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Centrifuges Imports

Imports into Norway

In 2022, approx. X units of centrifuges were imported into Norway; increasing by X% compared with 2021 figures. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, centrifuges imports skyrocketed to $X in 2022. Overall, imports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the UK (X units) and South Korea (X units) were the main suppliers of centrifuges imports to Norway, with a combined X% share of total imports. Finland, Turkey, Poland, China, the United States, Japan, Denmark, France, the Netherlands and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of centrifuges to Norway, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average centrifuges import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Denmark ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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