Norway: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Norway

The Norwegian motor vehicle engine market contracted to $X in 2022, falling by X% against the previous year. In general, consumption showed a deep slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Motor Vehicle Engine Production in Norway

In value terms, motor vehicle engine production fell modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Motor vehicle engine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Motor Vehicle Engine Exports

Exports from Norway

In 2022, motor vehicle engine exports from Norway was estimated at X units, growing by X% on the previous year. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle engine exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Lithuania (X units), France (X units) and Ghana (X units) were the main destinations of motor vehicle engine exports from Norway, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle engine exported from Norway were Sweden ($X), France ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor vehicle engine export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Lebanon ($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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Norway

In 2022, approx. X units of motor vehicle engines (spark-ignition) were imported into Norway; increasing by X% on the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, motor vehicle engine imports shrank slightly to $X in 2022. Over the period under review, imports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of motor vehicle engine to Norway, with a X% share of total imports. Moreover, motor vehicle engine imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. The United States (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and the United States (X% per year).

In value terms, Germany ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Norway, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average motor vehicle engine import price amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X 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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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