Norway - Motorcycles and Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Bicycle Price in Norway - 2023
Contents:
- Motorcycle and Bicycle Price in Norway (CIF) - 2023
- Motorcycle and Bicycle Price in Norway (FOB) - 2022
- Motorcycle and Bicycle Imports in Norway
- Motorcycle and Bicycle Exports in Norway
Motorcycle and Bicycle Price in Norway (CIF) - 2023
The average motorcycle and bicycle import price stood at $1,004 per unit in August 2023, reducing by -17.4% against the previous month. Over the period under review, import price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, motorcycle and bicycle import price decreased by -17.4% against July 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 43% against the previous month. The import price peaked at $1,214 per unit in July 2023, and then reduced markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Thailand ($2,636 per unit), while the price for Indonesia ($291 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle and Bicycle Price in Norway (FOB) - 2022
The average motorcycle and bicycle export price stood at $393 per unit in 2021, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2014 when the average export price increased by 36% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($3,548 per unit), while the average price for exports to Nigeria ($15 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle and Bicycle Imports in Norway
Motorcycle and bicycle imports into Norway contracted to 453K units in 2022, waning by -9.3% compared with the previous year's figure. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of 499K units, and then reduced in the following year.
In value terms, motorcycle and bicycle imports contracted to $349M in 2022. The total import value increased at an average annual rate of +7.9% 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 imports increased by 29%. As a result, imports attained the peak of $380M, and then declined in the following year.
Import of Motorcycle and Bicycle in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 65.6 | 62.9 | 111 | 30.1% | |
Germany | 58.0 | 79.1 | 63.8 | 4.9% | |
Taiwan (Chinese) | 42.8 | 24.2 | 48.3 | 6.2% | |
Netherlands | 15.9 | 28.5 | 17.1 | 3.7% | |
Thailand | 7.8 | 6.0 | 15.9 | 42.8% | |
Indonesia | 4.4 | 2.5 | 5.0 | 6.6% | |
India | 0.1 | 0.2 | 4.6 | 578.2% | |
Sweden | 12.4 | 12.1 | 4.5 | -39.8% | |
Cambodia | 3.3 | 3.5 | 4.0 | 10.1% | |
Others | 67.3 | 76.4 | 106 | 25.5% | |
Total | 278 | 295 | 380 | 16.9% |
Top Suppliers of Motorcycle and Bicycle to Norway in 2022:
- China (300.4K units)
- Taiwan (Chinese) (63.6K units)
- Germany (26.4K units)
- Indonesia (18.9K units)
- Thailand (15.9K units)
- Cambodia (14.3K units)
- India (10.1K units)
- Sweden (9.9K units)
- Netherlands (7.8K units)
Motorcycle and Bicycle Exports in Norway
In 2022, shipments abroad of motorcycles and bicycles decreased by -57.8% to 21K units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 82% against the previous year. As a result, the exports reached the peak of 51K units, and then fell dramatically in the following year.
In value terms, motorcycle and bicycle exports reduced dramatically to $16M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, the exports reached the peak of $20M, and then dropped significantly in the following year.
Export of Motorcycle and Bicycle in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Sweden | 4,536 | 4,092 | 9,410 | 44.0% | |
Germany | 437 | 269 | 2,389 | 133.8% | |
Italy | 11.9 | 3.6 | 2,387 | 1316.3% | |
Poland | N/A | 11.3 | 794 | 6926.5% | |
Israel | N/A | N/A | 569 | 0% | |
Iceland | 30.9 | 194 | 505 | 304.3% | |
Ukraine | N/A | N/A | 327 | 0% | |
Russia | N/A | N/A | 325 | 0% | |
Gambia | 22.7 | 24.5 | 25.2 | 5.4% | |
Afghanistan | 0.6 | 12.8 | 22.5 | 512.4% | |
Jordan | N/A | N/A | 20.6 | 0% | |
Nigeria | 20.7 | 9.9 | 15.7 | -12.9% | |
Ghana | 17.3 | 15.3 | 14.6 | -8.1% | |
Others | 3,556 | 6,260 | 3,084 | -6.9% | |
Total | 8,634 | 10,893 | 19,889 | 51.8% |
Top Export Markets for Motorcycle and Bicycle from Norway in 2022:
- Sweden (19.3K units)
- Poland (1.7K units)
- Israel (1.6K units)
- Ukraine (1.5K units)
- Afghanistan (1.4K units)
- Russia (1.4K units)
- Germany (1.1K units)
- Gambia (1.0K units)
- Nigeria (1.0K units)
- Jordan (0.9K units)
- Ghana (0.8K units)
- Italy (0.7K units)
- Iceland (0.6K units)
This report provides an in-depth analysis of the motorcycle and bicycle 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 30911100 - Motorcycles, and cycles fitted with an auxiliary motor, with an engine capacity . .50 cm.
- Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
- Prodcom 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
- Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
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
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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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