Norway - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPersonal Weighing Machine Price in Norway - 2023
Contents:
- Personal Weighing Machine Price in Norway (CIF) - 2023
- Personal Weighing Machine Price in Norway (FOB) - 2022
- Personal Weighing Machine Imports in Norway
- Personal Weighing Machine Exports in Norway
Personal Weighing Machine Price in Norway (CIF) - 2023
The average personal weighing machine import price stood at $17.8 per unit in September 2023, surging by 3.9% against the previous month. Overall, import price indicated measured growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, personal weighing machine import price decreased by -17.6% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 41% m-o-m. The import price peaked at $21.6 per unit in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +1.4% per month.
Personal Weighing Machine Price in Norway (FOB) - 2022
The average personal weighing machine export price stood at $42 per unit in 2022, rising by 121% against the previous year. Over the period under review, the export price saw resilient growth. The export price peaked at $45 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($129 per unit), while the average price for exports to Denmark ($9.9 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 Sweden (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Personal Weighing Machine Imports in Norway
After three years of growth, overseas purchases of personal weighing machines decreased by -16.6% to 288K units in 2022. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Imports peaked at 346K units in 2021, and then dropped notably in the following year.
In value terms, personal weighing machine imports reduced dramatically to $4.2M in 2022. The total import value increased at an average annual rate of +7.0% 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 2020 with an increase of 29%. Over the period under review, imports hit record highs at $4.9M in 2021, and then contracted dramatically in the following year.
Import of Personal Weighing Machine in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.8 | 3.8 | 4.2 | 3.7 | 9.7% |
Others | 0.6 | 0.7 | 0.7 | 0.5 | -5.9% |
Total | 3.4 | 4.4 | 4.9 | 4.2 | 7.3% |
Top Suppliers of Personal Weighing Machine to Norway in 2022:
- China (280.6K units)
Personal Weighing Machine Exports in Norway
In 2022, shipments abroad of personal weighing machines decreased by -89.6% to 2K units, falling for the second year in a row after two years of growth. In general, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 79% against the previous year. As a result, the exports attained the peak of 22K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, personal weighing machine exports declined rapidly to $84K in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 98%. Over the period under review, the exports reached the peak figure at $365K in 2021, and then dropped significantly in the following year.
Export of Personal Weighing Machine in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 74.2 | 158 | 273 | 55.4 | -9.3% |
United Kingdom | 0.4 | 4.9 | 0.3 | 6.0 | 146.6% |
Denmark | 41.9 | 71.8 | 79.8 | 4.6 | -52.1% |
Others | 5.3 | 6.3 | 12.1 | 18.5 | 51.7% |
Total | 122 | 241 | 365 | 84.4 | -11.6% |
Top Export Markets for Personal Weighing Machine from Norway in 2022:
- Sweden (1478.0 units)
- Denmark (465.0 units)
- United Kingdom (46.0 units)
This report provides an in-depth analysis of the personal weighing machine 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 28293200 - Personal weighing machines, including baby scales, h ousehold scales
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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