Norway: Computing Machinery Market 2024

Computing Machinery Market Size in Norway

The Norwegian computing machinery market contracted to $X in 2022, falling by X% against the previous year. Over the period under review, consumption showed a slight descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Computing Machinery Production in Norway

In value terms, computing machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Computing Machinery Exports

Exports from Norway

After two years of decline, shipments abroad of computing machinery and parts and accessories thereof increased by X% to X units in 2022. In general, exports, however, saw a perceptible descent. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, computing machinery exports rose notably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for computing machinery exports from Norway, with a X% share of total exports. Moreover, computing machinery exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, Sweden ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Norway, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Denmark (X% per year).

Export Prices by Country

The average computing machinery export price stood at $X per unit in 2021, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Norway

Computing machinery imports into Norway shrank to X units in 2022, reducing by X% against the previous year. In general, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, computing machinery imports contracted to $X in 2022. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of computing machinery to Norway, with a X% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Norway, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

Import Prices by Country

The average computing machinery import price stood at $X per unit in 2021, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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