Norway: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Norway

The Norwegian internal combustion engines market expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, faced a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Internal Combustion Engines Production in Norway

In value terms, internal combustion engines production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. Internal combustion engines production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Internal Combustion Engines Exports

Exports from Norway

After three years of growth, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, internal combustion engines exports amounted to $X in 2022. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for internal combustion engines exports from Norway, with a X% share of total exports. Moreover, internal combustion engines exports to Nigeria exceeded the volume sent to the second major destination, Lithuania (X units), threefold. France (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Germany ($X) emerged as the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by France, with a X% share.

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

Export Prices by Country

In 2022, the average internal combustion engines export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Internal Combustion Engines Imports

Imports into Norway

In 2022, the amount of motor vehicles compression-ignition internal combustion piston engines imported into Norway totaled X units, increasing by X% compared with 2021 figures. In general, total imports indicated a mild increase 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, internal combustion engines imports declined to $X in 2022. Over the period under review, imports, however, saw a noticeable decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest internal combustion engines supplier to Norway, with a X% share of total imports. Moreover, internal combustion engines imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 UK (X% per year).

In value terms, the largest internal combustion engines suppliers to Norway were Sweden ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports. France, the UK, Poland, Lithuania and Japan lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average internal combustion engines import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked 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 Sweden ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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