Price for Navigational Instruments and Appliances; Parts and Accessories in Norway - 2024
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Norway (FOB) - 2024
- Price for Navigational Instruments and Appliances; Parts and Accessories in Norway (CIF) - 2022
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Norway
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Norway
Price for Navigational Instruments and Appliances; Parts and Accessories in Norway (FOB) - 2024
The average export price for navigational instruments and appliances; parts and accessorieses stood at $153K per ton in February 2024, falling by -35.1% against the previous month. Overall, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in October 2023 an increase of 108% m-o-m. As a result, the export price attained the peak level of $347K per ton. From November 2023 to February 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was Turkey ($706K per ton), while the average price for exports to South Korea ($74,030 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Norway (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $219,463 per ton in 2022, with a decrease of -9.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 24%. As a result, import price attained the peak level of $252,631 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($552,180 per ton), while the price for the UK ($95,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Navigational Instruments and Appliances; Parts and Accessories in Norway
In 2022, exports of navigational instruments and appliances; parts and accessorieses from Norway expanded notably to 187 tons, increasing by 14% against 2021 figures. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of navigational instruments and appliances; parts and accessorieses soared to $48M in 2022. The total export value increased at an average annual rate of +12.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.3 | 8.4 | 4.3 | 11.5 | 51.6% |
| Netherlands | 4.9 | 4.2 | 4.9 | 5.0 | 0.7% |
| China | 1.4 | 0.9 | 2.6 | 2.7 | 24.5% |
| Spain | 3.1 | 3.5 | 4.9 | 2.7 | -4.5% |
| Denmark | 0.9 | 1.2 | 1.0 | 2.2 | 34.7% |
| United Kingdom | 1.4 | 2.4 | 1.9 | 2.0 | 12.6% |
| Germany | 1.9 | 1.7 | 2.2 | 1.8 | -1.8% |
| Singapore | 1.3 | 1.9 | 1.8 | 1.6 | 7.2% |
| Vietnam | 0.2 | 0.1 | 0.2 | 1.6 | 100.0% |
| Italy | 0.5 | 0.5 | 1.1 | 1.5 | 44.2% |
| Japan | 0.4 | 0.8 | 0.7 | 1.1 | 40.1% |
| South Korea | 1.5 | 1.7 | 1.1 | 0.8 | -18.9% |
| Romania | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Others | 12.4 | 11.1 | 13.6 | 12.6 | 0.5% |
| Total | 33.4 | 38.7 | 40.6 | 47.7 | 12.6% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Norway in 2022:
- Netherlands (25.3 tons)
- United States (23.8 tons)
- Vietnam (16.5 tons)
- China (14.4 tons)
- Denmark (11.3 tons)
- Spain (10.3 tons)
- United Kingdom (9.0 tons)
- Italy (8.7 tons)
- Germany (7.3 tons)
- Singapore (5.8 tons)
- Romania (5.6 tons)
- South Korea (5.2 tons)
- Japan (4.5 tons)
Imports of Navigational Instruments and Appliances; Parts and Accessories in Norway
In 2022, approx. 87 tons of navigational instruments and appliances; parts and accessorieses were imported into Norway; growing by 3.7% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 14%.
In value terms, imports of navigational instruments and appliances; parts and accessorieses contracted to $19M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9.3%. As a result, imports reached the peak of $20M, and then declined in the following year.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.9 | 1.7 | 1.9 | 2.7 | 12.4% |
| Germany | 3.3 | 2.8 | 2.8 | 2.7 | -6.5% |
| United States | 3.2 | 5.4 | 2.6 | 2.5 | -7.9% |
| United Kingdom | 1.8 | 1.0 | 3.5 | 2.2 | 6.9% |
| France | 1.1 | 0.8 | 1.2 | 1.9 | 20.0% |
| Japan | 1.1 | 0.8 | 1.1 | 1.3 | 5.7% |
| Spain | 0.7 | 1.1 | 1.3 | 1.3 | 22.9% |
| China | 1.2 | 1.4 | 1.5 | 1.0 | -5.9% |
| Netherlands | 1.2 | 0.3 | 1.0 | 0.4 | -30.7% |
| Others | 2.5 | 3.3 | 3.6 | 3.1 | 7.4% |
| Total | 18.1 | 18.6 | 20.4 | 19.1 | 1.8% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Norway in 2022:
- United Kingdom (22.9 tons)
- Sweden (12.2 tons)
- Germany (8.6 tons)
- China (8.0 tons)
- Japan (7.5 tons)
- United States (6.6 tons)
- Spain (4.9 tons)
- France (3.4 tons)
- Netherlands (2.0 tons)
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