Norway - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOutboard Boat Motors Price in Norway - 2023
Contents:
- Outboard Boat Motors Price in Norway (CIF) - 2023
- Outboard Boat Motors Price in Norway (FOB) - 2022
- Outboard Boat Motors Imports in Norway
- Outboard Boat Motors Exports in Norway
Outboard Boat Motors Price in Norway (CIF) - 2023
The average outboard boat motors import price stood at $3,640 per unit in September 2023, which is down by -19.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 62% against the previous month. The import price peaked at $4,877 per unit in February 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($6,706 per unit), while the price for Thailand ($843 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced a decline.
Outboard Boat Motors Price in Norway (FOB) - 2022
In 2022, the average outboard boat motors export price amounted to $3,141 per unit, which is down by -21.3% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,801 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,905 per unit), while the average price for exports to Congo ($520 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 United States (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Outboard Boat Motors Imports in Norway
In 2022, the amount of outboard motors for marine propulsion imported into Norway expanded slightly to 18K units, increasing by 3.7% against the previous year's figure. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Imports peaked at 22K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, outboard boat motors imports fell to $67M in 2022. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked at $80M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Outboard Boat Motors in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 56.4 | 45.9 | 59.8 | 49.8 | -4.1% |
| United States | 21.4 | 13.5 | 5.8 | 11.3 | -19.2% |
| China | 1.1 | 0.6 | 2.1 | 3.1 | 41.3% |
| Thailand | 0.6 | 0.7 | 1.4 | 0.9 | 14.5% |
| Others | 0.8 | 0.7 | 2.4 | 2.3 | 42.2% |
| Total | 80.3 | 61.4 | 71.5 | 67.4 | -5.7% |
Top Suppliers of Outboard Boat Motors to Norway in 2022:
- Japan (13.9K units)
- United States (1.2K units)
- China (1.2K units)
- Thailand (1.1K units)
Outboard Boat Motors Exports in Norway
For the third year in a row, Norway recorded decline in overseas shipments of outboard motors for marine propulsion, which decreased by -18.4% to 169 units in 2022. Over the period under review, exports continue to indicate a sharp decline. Over the period under review, the exports attained the maximum at 1.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, outboard boat motors exports declined notably to $531K in 2022. In general, exports showed a dramatic setback. The exports peaked at $4.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Outboard Boat Motors in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 393 | 117 | 189 | 131 | -30.7% |
| Sweden | 3,229 | 490 | 232 | 129 | -65.8% |
| Hungary | 107 | 56.2 | 52.5 | 35.7 | -30.6% |
| Germany | 6.7 | 23.8 | 33.0 | 34.9 | 73.3% |
| Finland | 35.2 | 50.6 | 5.2 | 32.7 | -2.4% |
| United States | 4.9 | N/A | N/A | 32.7 | 88.3% |
| Australia | N/A | N/A | 4.5 | 25.0 | 455.6% |
| Nigeria | 32.6 | 8.0 | 1.7 | 14.1 | -24.4% |
| China | 53.4 | 24.1 | 15.6 | 12.0 | -39.2% |
| Belgium | N/A | 408 | N/A | 7.5 | -86.4% |
| Congo | N/A | 1.6 | N/A | 2.1 | 14.6% |
| Lithuania | 47.1 | 7.6 | 27.7 | 1.8 | -66.3% |
| Switzerland | N/A | 523 | N/A | 0.5 | -96.9% |
| Others | 263 | 264 | 264 | 71.4 | -35.2% |
| Total | 4,173 | 1,973 | 826 | 531 | -49.7% |
Top Export Markets for Outboard Boat Motors from Norway in 2022:
- Poland (33.0 units)
- Nigeria (25.0 units)
- Australia (20.0 units)
- Hungary (19.0 units)
- Sweden (16.0 units)
- Germany (13.0 units)
- Finland (5.0 units)
- China (5.0 units)
- Congo (4.0 units)
- United States (3.0 units)
- Belgium (3.0 units)
- Lithuania (1.0 units)
- Switzerland (1.0 units)
This report provides an in-depth analysis of the outboard boat motors 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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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