Norway: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Norway

After three years of growth, the Norwegian telecommunications instrument market decreased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate modest growth. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Telecommunications Instrument Exports

Exports from Norway

In 2022, the amount of telecommunications instruments exported from Norway shrank remarkably to X units, falling by X% on 2021. Overall, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, telecommunications instrument exports amounted to $X in 2022. Over the period under review, total exports indicated a mild 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), the United States (X units) and Turkey (X units) were the main destinations of telecommunications instrument exports from Norway, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telecommunications instrument exported from Norway were the United States ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports. South Africa, New Zealand, Switzerland, the UK, Saudi Arabia, Turkey, Sweden, Denmark and Indonesia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X.7%, recorded the highest growth rate of the value of exports, in terms of 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 telecommunications instrument export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

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Telecommunications Instrument Imports

Imports into Norway

Telecommunications instrument imports into Norway declined sharply to X units in 2022, waning by X% on 2021 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, telecommunications instrument imports shrank significantly to $X in 2022. In general, total imports indicated a moderate 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. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of telecommunications instrument to Norway, accounting for a X% share of total imports. Moreover, telecommunications instrument imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by France (X units), with an X% share.

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

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

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

Import Prices by Country

In 2022, the average telecommunications instrument import price amounted to $X per unit, rising by X% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price 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. Based on 2022 figures, telecommunications instrument import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for France ($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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