Plugs and Socket Price in Norway - 2024
Contents:
- Plugs and Socket Price in Norway (CIF) - 2024
- Plugs and Socket Price in Norway (FOB) - 2024
- Plugs and Socket Imports in Norway
- Plugs and Socket Exports in Norway
Plugs and Socket Price in Norway (CIF) - 2024
The average plugs and socket import price stood at $565 per thousand units in September 2023, with a decrease of -14.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 20% month-to-month. As a result, import price reached the peak level of $0.7 per unit, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5.8 per unit), while the price for Estonia ($180 per thousand units) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Norway (FOB) - 2024
In September 2023, the average plugs and socket export price amounted to $639 per thousand units, picking up by 14% against the previous month. Over the period under review, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in May 2023 an increase of 78% against the previous month. As a result, the export price attained the peak level of $1.3 per unit. From June 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Estonia ($11.3 per unit), while the average price for exports to Denmark ($336 per thousand units) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+96.5%), while the prices for the other major destinations experienced a decline.
Plugs and Socket Imports in Norway
In 2022, the amount of electrical plugs and sockets for under 1000 v imported into Norway declined slightly to 191M units, which is down by -3.6% against the previous year's figure. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. As a result, imports attained the peak of 199M units, and then reduced in the following year.
In value terms, plugs and socket imports contracted modestly to $94M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of $97M, and then contracted slightly in the following year.
| Import of Plugs and Socket in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.4 | 10.1 | 13.0 | 19.0 | 18.6% |
| China | 11.8 | 13.1 | 19.2 | 18.3 | 15.8% |
| United States | 8.4 | 8.8 | 12.5 | 11.7 | 11.7% |
| United Kingdom | 13.1 | 11.9 | 11.4 | 7.5 | -17.0% |
| Sweden | 4.6 | 6.2 | 7.7 | 5.1 | 3.5% |
| Poland | 3.3 | 3.4 | 4.4 | 3.9 | 5.7% |
| Denmark | 1.8 | 1.8 | 2.3 | 2.7 | 14.5% |
| Estonia | 2.3 | 2.7 | 3.5 | 1.6 | -11.4% |
| Czech Republic | 1.2 | 1.1 | 1.6 | 1.5 | 7.7% |
| Austria | 1.0 | 0.8 | 1.5 | 1.4 | 11.9% |
| Finland | 1.1 | 1.1 | 0.7 | 0.7 | -14.0% |
| Latvia | 3.9 | 1.8 | 0.5 | 0.7 | -43.6% |
| Others | 15.5 | 13.7 | 18.8 | 20.1 | 9.0% |
| Total | 79.4 | 76.5 | 97.2 | 94.3 | 5.9% |
Top Suppliers of Plugs and Socket to Norway in 2022:
- China (58.1M units)
- Germany (54.5M units)
- Poland (13.6M units)
- Sweden (9.2M units)
- Denmark (7.9M units)
- Estonia (6.6M units)
- Austria (6.2M units)
- Czech Republic (4.9M units)
- United States (2.8M units)
- Latvia (2.6M units)
- Finland (2.4M units)
- United Kingdom (2.0M units)
Plugs and Socket Exports in Norway
In 2022, after three years of growth, there was significant decline in overseas shipments of electrical plugs and sockets for under 1000 v, when their volume decreased by -54.2% to 26M units. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of 57M units, and then fell rapidly in the following year.
In value terms, plugs and socket exports fell dramatically to $14M in 2022. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. The exports peaked at $25M in 2021, and then declined rapidly in the following year.
| Export of Plugs and Socket in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 6.8 | 13.9 | 14.7 | 4.5 | -12.9% |
| United Kingdom | 0.6 | 0.7 | 0.9 | 1.9 | 46.8% |
| Poland | 0.9 | 0.8 | 1.0 | 1.4 | 15.9% |
| Denmark | 0.3 | 0.6 | 0.5 | 1.3 | 63.0% |
| Finland | 1.0 | 0.9 | 1.0 | 0.4 | -26.3% |
| China | 0.1 | 0.2 | 0.9 | 0.4 | 58.7% |
| Netherlands | 1.4 | 1.1 | 0.4 | 0.3 | -40.2% |
| Others | 5.8 | 3.8 | 5.3 | 3.9 | -12.4% |
| Total | 16.9 | 21.9 | 24.6 | 14.1 | -5.9% |
Top Export Markets for Plugs and Socket from Norway in 2022:
- Sweden (16.1M units)
- Denmark (3.3M units)
- United Kingdom (1.5M units)
- Poland (1.0M units)
- Finland (0.6M units)
- China (0.6M units)
- Netherlands (0.3M units)
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