Norway: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Norway

The Norwegian market for wiring sets used in vehicles, aircraft or ships reached $X in 2021, picking up by 4.1% against the previous year. Overall, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Norway

In value terms, production of wiring sets used in vehicles, aircraft or ships expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 68%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Norway

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships increased by 26% to X tons, rising for the third consecutive year after four years of decline. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 146%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships amounted to $X in 2021. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 81% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The Netherlands (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Norway, together comprising 49% of total exports. These countries were followed by Turkey, Poland, the United States, Germany, Austria, Algeria, Singapore, the UK, Belgium and Finland, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +50.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Norway, comprising 29% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.5% share of total exports. It was followed by the United States, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to +62.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.8% per year) and the United States (-1.4% per year).

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, with a decrease of -17.6% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for wiring sets used in vehicles, aircraft or ships increased by +65.0% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 83% against the previous year. The export price peaked at $X per ton in 2020, and then contracted markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Norway

In 2021, overseas purchases of wiring sets used in vehicles, aircraft or ships were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 31% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Norway, together accounting for 40% of total imports. These countries were followed by Sweden, the Czech Republic, Romania, the Netherlands, Poland, Mexico, Denmark, the UK, Lithuania and South Korea, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +48.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Norway were Germany ($X), China ($X) and Hungary ($X), together comprising 29% of total imports. These countries were followed by Sweden, the UK, Poland, Lithuania, the Netherlands, the Czech Republic, Mexico, Romania, South Korea and Denmark, which together accounted for a further 43%.

Among the main suppliers, Mexico, with a CAGR of +45.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 3.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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