Norway - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAccumulator Price in Norway - 2023
Contents:
- Accumulator Price in Norway (CIF) - 2022
- Accumulator Price in Norway (FOB) - 2022
- Accumulator Imports in Norway
- Accumulator Exports in Norway
Accumulator Price in Norway (CIF) - 2022
The average accumulator import price stood at $62 per unit in 2022, rising by 9.7% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, accumulator import price increased by +7.0% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 17% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($197 per unit), while the price for Japan ($9.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Accumulator Price in Norway (FOB) - 2022
In 2022, the average accumulator export price amounted to $191 per unit, waning by -2.9% against the previous year. In general, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 40%. The export price peaked at $196 per unit in 2021, and then contracted slightly in the following year.
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 China ($395 per unit), while the average price for exports to Estonia ($21 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 Germany (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Accumulator Imports in Norway
In 2022, the amount of electric accumulators imported into Norway expanded rapidly to 5.4M units, with an increase of 5.5% compared with 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, accumulator imports soared to $338M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Import of Accumulator in Norway (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 46.5 | 49.9 | 71.5 | 115 | 35.2% |
South Korea | 29.8 | 19.6 | 35.9 | 43.9 | 13.8% |
Germany | 17.8 | 18.1 | 38.3 | 29.6 | 18.5% |
Sweden | 12.6 | 13.8 | 18.6 | 20.2 | 17.0% |
Poland | 6.0 | 9.1 | 22.7 | 16.4 | 39.8% |
Spain | 5.7 | 5.5 | 14.5 | 6.6 | 5.0% |
Japan | 6.4 | 6.7 | 5.4 | 4.3 | -12.4% |
Hong Kong SAR | 1.3 | 2.2 | 3.9 | 3.8 | 43.0% |
Taiwan (Chinese) | 0.7 | 1.3 | 1.5 | 2.2 | 46.5% |
Vietnam | 1.4 | 1.8 | 1.9 | 1.1 | -7.7% |
Others | 90.0 | 78.0 | 77.7 | 94.6 | 1.7% |
Total | 218 | 206 | 292 | 338 | 15.7% |
Top Suppliers of Accumulator to Norway in 2022:
- China (2893.5K units)
- South Korea (643.4K units)
- Japan (458.6K units)
- Sweden (247.8K units)
- Germany (195.3K units)
- Taiwan (Chinese) (106.9K units)
- Spain (104.4K units)
- Poland (83.2K units)
- Hong Kong SAR (55.9K units)
- Vietnam (51.3K units)
Accumulator Exports in Norway
In 2022, approx. 454K units of electric accumulators were exported from Norway; rising by 26% compared with the previous year. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 74% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, accumulator exports surged to $87M in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Accumulator in Norway (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.2 | 0.6 | 4.1 | 8.0 | 242.0% |
Germany | 1.6 | 1.8 | 4.4 | 7.5 | 67.4% |
United States | 0.6 | 2.8 | 3.8 | 6.9 | 125.7% |
Spain | 0.1 | 0.4 | 1.3 | 5.8 | 287.1% |
Sweden | 2.1 | 2.2 | 5.3 | 5.4 | 37.0% |
Denmark | 0.5 | 1.1 | 2.4 | 4.1 | 101.7% |
United Arab Emirates | N/A | N/A | N/A | 3.1 | 0% |
Japan | 0.1 | 0.1 | 1.3 | 2.7 | 200.0% |
Poland | 0.1 | 5.3 | 1.2 | 2.5 | 192.4% |
Estonia | 0.3 | 1.7 | 1.3 | 1.7 | 78.3% |
United Kingdom | 0.7 | 0.8 | 1.3 | 1.4 | 26.0% |
Singapore | 0.2 | 0.1 | 0.9 | 0.8 | 58.7% |
Iceland | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
Others | 26.6 | 38.7 | 42.4 | 35.8 | 10.4% |
Total | 33.8 | 56.3 | 70.6 | 86.5 | 36.8% |
Top Export Markets for Accumulator from Norway in 2022:
- Denmark (98.9K units)
- Estonia (80.0K units)
- United States (58.4K units)
- Sweden (45.1K units)
- Japan (24.0K units)
- Germany (20.7K units)
- China (20.3K units)
- Poland (17.1K units)
- Spain (16.0K units)
- Singapore (12.6K units)
- United Arab Emirates (9.0K units)
- Iceland (8.4K units)
- United Kingdom (7.5K units)
This report provides an in-depth analysis of the accumulator market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202210 -
- Prodcom 27202250 -
- Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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