Norway: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in Norway

In 2022, after three years of growth, there was significant decline in the Norwegian mechano-therapy appliances market, when its value decreased by X% to $X. In general, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Mechano-Therapy Appliances Exports

Exports from Norway

In 2022, mechano-therapy appliances exports from Norway declined notably to X units, waning by X% compared with the previous year. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechano-therapy appliances exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for mechano-therapy appliances exports from Norway, accounting for a X% share of total exports. Moreover, mechano-therapy appliances exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, Sweden ($X) remains the key foreign market for mechano-therapy appliances and massage apparatus exports from Norway, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average mechano-therapy appliances export price amounted to $X per unit, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per unit), while the average price for exports to Sweden ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Mechano-Therapy Appliances Imports

Imports into Norway

In 2022, supplies from abroad of mechano-therapy appliances and massage apparatus decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, mechano-therapy appliances imports declined remarkably to $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechano-therapy appliances to Norway, with a X% share of total imports. Moreover, mechano-therapy appliances imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was taken by Canada (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

In value terms, China ($X) constituted the largest supplier of mechano-therapy appliances and massage apparatus to Norway, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

In 2022, the average mechano-therapy appliances import price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and the Netherlands ($X per unit), while the price for Mexico ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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