Price for Winches and Capstans; Powered by an Electric Motor in Norway - 2024
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in Norway (FOB) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in Norway (CIF) - 2022
- Exports of Winches and Capstans; Powered by an Electric Motor in Norway
- Imports of Winches and Capstans; Powered by an Electric Motor in Norway
Price for Winches and Capstans; Powered by an Electric Motor in Norway (FOB) - 2022
The average export price for winches and capstans; powered by an electric motors stood at $7,765 per unit in 2022, jumping by 19% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 93% against the previous year. The export price peaked at $21,679 per unit in 2012; however, from 2013 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 Turkey ($59,050 per unit), while the average price for exports to Sweden ($541 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 Canada (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in Norway (CIF) - 2022
In 2022, the average import price for winches and capstans; powered by an electric motors amounted to $1,283 per unit, which is down by -13% against the previous year. Overall, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. The import price peaked at $2,918 per unit in 2014; however, from 2015 to 2022, 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 the UK ($11,799 per unit), while the price for China ($183 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Winches and Capstans; Powered by an Electric Motor in Norway
After three years of growth, overseas shipments of winches and capstans; powered by an electric motors decreased by -11.5% to 2.7K units in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 67%. As a result, the exports reached the peak of 3.1K units, and then shrank in the following year.
In value terms, exports of winches and capstans; powered by an electric motors amounted to $21M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Winches and Capstans; Powered by an Electric Motor in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.3 | 0.1 | 1.4 | 3.4 | 124.6% |
| United Kingdom | 0.8 | 7.3 | 2.2 | 2.8 | 51.8% |
| Denmark | 2.6 | 1.8 | 2.2 | 2.6 | 0.0% |
| Canada | 0.4 | N/A | N/A | 2.5 | 84.2% |
| Netherlands | 0.1 | 0.1 | 0.2 | 1.4 | 141.0% |
| Brazil | N/A | N/A | 3.7 | 0.7 | -81.1% |
| Poland | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Lithuania | N/A | N/A | N/A | 0.5 | 0% |
| Finland | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| Sweden | 0.5 | 0.4 | 0.7 | 0.4 | -7.2% |
| South Korea | 3.4 | N/A | N/A | 0.3 | -55.5% |
| Russia | 0.9 | 4.9 | 2.9 | N/A | 79.5% |
| Chile | N/A | 0.1 | 0.6 | N/A | 500.0% |
| Others | 3.5 | 4.7 | 5.5 | 5.1 | 13.4% |
| Total | 13.0 | 20.0 | 20.0 | 21.0 | 17.3% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from Norway in 2022:
- Finland (753.0 units)
- Sweden (695.0 units)
- Poland (446.0 units)
- Canada (196.0 units)
- Brazil (99.0 units)
- United Kingdom (91.0 units)
- Lithuania (74.0 units)
- Denmark (69.0 units)
- Netherlands (66.0 units)
- Turkey (58.0 units)
- South Korea (10.0 units)
Imports of Winches and Capstans; Powered by an Electric Motor in Norway
For the fourth consecutive year, Norway recorded growth in purchases abroad of winches and capstans; powered by an electric motors, which increased by 1.3% to 16K units in 2022. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 8% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of winches and capstans; powered by an electric motors shrank to $21M in 2022. Overall, imports, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of $23M, and then fell in the following year.
| Import of Winches and Capstans; Powered by an Electric Motor in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.4 | 4.3 | 6.8 | 4.9 | 51.8% |
| United Kingdom | 5.4 | 4.7 | 5.0 | 3.0 | -17.8% |
| United States | 1.6 | 1.1 | 0.2 | 2.9 | 21.9% |
| China | 1.2 | 1.2 | 1.7 | 1.1 | -2.9% |
| Australia | 0.1 | N/A | 0.7 | 0.8 | 100.0% |
| Vietnam | 0.5 | 0.3 | 0.2 | 0.7 | 11.9% |
| Italy | 0.5 | 2.6 | 0.3 | 0.6 | 6.3% |
| Finland | 0.2 | 0.3 | 1.2 | 0.3 | 14.5% |
| Canada | 0.1 | 0.6 | 0.1 | 0.1 | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 10.2 | 4.8 | 7.0 | 6.0 | -16.2% |
| Total | 21.4 | 20.0 | 23.4 | 20.6 | -1.3% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to Norway in 2022:
- China (6.0K units)
- United States (4.1K units)
- Sweden (2.1K units)
- Vietnam (0.9K units)
- Italy (0.6K units)
- Australia (0.3K units)
- Finland (0.3K units)
- United Kingdom (0.3K units)
- Taiwan (Chinese) (0.2K units)
- Canada (0.1K units)
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