Norway: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Norway

In 2022, the Norwegian fuel or lubricating pump market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Norway

In value terms, fuel or lubricating pump production stood at $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Fuel or lubricating pump production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Norway

In 2022, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from Norway; growing by X% against the previous year's figure. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports soared to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for fuel or lubricating pump exports from Norway, accounting for a X% share of total exports. Moreover, fuel or lubricating pump exports to Belgium exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, Belgium ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Norway, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average fuel or lubricating pump export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sweden ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Norway

In 2022, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a noticeable curtailment. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports surged to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), France (X units) and the United States (X units) were the main suppliers of fuel or lubricating pump imports to Norway, with a combined X% share of total imports. The UK, Italy, China, Mexico, Japan, the Czech Republic, Spain, Turkey, Sweden and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Norway, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and France (X% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2022, surging by X% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fuel or lubricating pump import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :