Norway: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Norway

In 2022, the Norwegian snow motor vehicle market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Snow Motor Vehicle Exports

Exports from Norway

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were exported from Norway; with a decrease of X% compared with the previous year. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, snow motor vehicle exports declined remarkably to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X units) was the main destination for snow motor vehicle exports from Norway, with a X% share of total exports. Moreover, snow motor vehicle exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X units), twofold. Finland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Finland (X% per year).

In value terms, Lithuania ($X), Finland ($X) and Russia ($X) appeared to be the largest markets for snow motor vehicle exported from Norway worldwide, together comprising X% of total exports. Sweden, Serbia, Estonia and Poland lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average snow motor vehicle export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Estonia ($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 Serbia (X.6%), while the prices for the other major destinations experienced more modest paces of growth.

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Snow Motor Vehicle Imports

Imports into Norway

In 2022, purchases abroad of motor vehicles for travelling on snow or golf cars was finally on the rise to reach X units after two years of decline. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, snow motor vehicle imports soared to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

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

In value terms, Finland ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Norway, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

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

Import Prices by Country

In 2022, the average snow motor vehicle import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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