Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway - 2024

Contents:

  1. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway (CIF) - 2022
  2. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway (FOB) - 2022
  3. Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway
  4. Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway (CIF) - 2022

The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.1 per unit in 2022, which is down by -10% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 an increase of 16%. The import price peaked at $0.2 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($0.3 per unit), while the price for Turkey (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway (FOB) - 2022

In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.2 per unit, shrinking by -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $0.3 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.8 per unit), while the average price for exports to Belgium ($0.1 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 (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway

Imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Norway expanded rapidly to 1.6B units in 2022, with an increase of 7.6% against 2021 figures. In general, imports, however, continue to indicate a mild slump. Imports peaked at 1.6B units in 2019; afterwards, it flattened through to 2022.

In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment contracted slightly to $170M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.4% against the previous year. Imports peaked at $176M in 2021, and then contracted slightly in the following year.

Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany35.130.630.927.1-8.3%
China20.916.725.723.43.8%
Sweden13.815.421.415.94.8%
United Kingdom13.211.89.18.5-13.6%
France7.27.68.06.9-1.4%
Finland4.34.46.66.313.6%
Italy5.13.44.85.73.8%
Taiwan (Chinese)2.13.84.85.336.2%
Czech Republic4.13.53.75.28.2%
Romania0.90.91.53.963.0%
Belgium4.24.13.32.3-18.2%
Turkey2.31.50.61.8-7.8%
Hungary1.62.41.71.84.0%
Others53.266.053.555.91.7%
Total1681721761700.4%

Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Norway in 2022:

  1. China (305.0M units)
  2. Germany (235.9M units)
  3. Sweden (158.0M units)
  4. Finland (138.9M units)
  5. Romania (75.0M units)
  6. Czech Republic (74.5M units)
  7. Italy (67.8M units)
  8. France (63.1M units)
  9. Turkey (54.5M units)
  10. Hungary (47.6M units)
  11. Belgium (28.7M units)
  12. Taiwan (Chinese) (28.4M units)
  13. United Kingdom (27.1M units)

Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway

For the fourth year in a row, Norway recorded growth in overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which increased by 10% to 282M units in 2022. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment rose significantly to $59M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Norway (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden5.05.85.910.829.3%
Denmark2.21.94.05.938.9%
United States3.42.93.35.215.2%
Switzerland0.40.10.84.7127.3%
Germany1.82.14.03.828.3%
China6.44.64.43.5-18.2%
United Kingdom6.37.52.63.2-20.2%
Netherlands1.12.21.92.836.5%
Turkey0.10.51.01.5146.6%
Poland2.31.52.11.4-15.3%
Canada0.35.20.20.732.6%
Belgium0.60.20.20.5-5.9%
Others17.011.324.214.5-5.2%
Total47.045.854.558.67.6%

Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Norway in 2022:

  1. Sweden (107.8M units)
  2. Denmark (32.5M units)
  3. United Kingdom (17.2M units)
  4. Switzerland (14.7M units)
  5. Netherlands (9.3M units)
  6. Poland (9.1M units)
  7. Turkey (8.7M units)
  8. Germany (8.6M units)
  9. China (8.5M units)
  10. United States (6.9M units)
  11. Belgium (6.8M units)
  12. Canada (0.9M units)

Source: IndexBox Market Intelligence Platform

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