Norway: Cash Register Market 2024

Cash Register Market Size in Norway

The Norwegian cash register market reduced remarkably to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt downturn. Cash register consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cash Register Exports

Exports from Norway

In 2022, exports of cash registers from Norway expanded modestly to X units, picking up by X% on the previous year's figure. In general, exports posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cash register exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Denmark (X units), Sweden (X units) and Hungary (X units) were the main destinations of cash register exports from Norway, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for cash registers exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average cash register export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Sweden ($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 UK (X%), while the prices for the other major destinations experienced a decline.

Cash Register Imports

Imports into Norway

In 2022, overseas purchases of cash registers decreased by X% to X units, falling for the fifth year in a row after two years of growth. Over the period under review, imports saw a mild contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cash register imports fell significantly to $X in 2022. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X units), China (X units) and the Netherlands (X units) were the main suppliers of cash register imports to Norway, together accounting for X% of total imports. Malaysia, Bulgaria, the UK, Denmark, Sweden, Singapore and Indonesia lagged somewhat behind, together comprising a further X%.

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

In value terms, Vietnam ($X) constituted the largest supplier of cash registers to Norway, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average cash register import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price recorded a slight downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Sweden ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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