Norway

The Oslo in Norway report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration, wealth…

The Bergen in Norway report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration,…

Vacuum cleaners recorded a static performance in total volume sales terms in 2020, partly due to the increasing maturity of key categories but also because the economic shock of COVID-19 led some consumers to postpone planned replacement purchases.…

Growth in total volume sales of refrigeration appliances in Norway in 2021 is set to be well down on that recorded in 2020. This is mainly because the key categories of fridge freezers, fridges and freezers experienced a surge in demand in 2020…

After having increased in 2020, total volume sales of personal care appliances are expected to decline in 2021, albeit only slightly. This is partly because demand in hair care appliances – one of the largest categories – has fallen following a spike…

While microwaves is set to expand over 2021 as a whole, total volume sales growth is expected to be slower than that recorded in 2020. This is mainly due to increasing maturity, though demand has also been suppressed by the fact that many Norwegian…

Total volume sales of large cooking appliances in Norway declined sharply in 2020. While demand was undermined by increasing maturity to some extent, the downturn was primarily due to the economic fallout of COVID-19. Heightened caution around…

Overall demand for home laundry appliances in Norway surged in 2020, with several categories posting significantly improved results in volume terms due to changes in consumer behaviour brought about by the outbreak of COVID-19. As increased…

Total volume sales of food preparation appliances have declined sharply in 2021, with all categories poised to record negative results in this respect for the year as a whole. This is mainly because demand for many product types surged in 2020 after…

Growth in volume sales of dishwashers slowed substantially in 2020 as the economic shock of COVID-19 eroded confidence among Norwegian consumers. This led many households to postpone planned replacement purchases, or discouraged them from buying…

Air treatment products recorded a slight decline in total volume sales in 2020, mainly because the economic shock of COVID-19 eroded consumer confidence and led most households to rein in discretionary spending. A significant downturn in construction…

The Coronavirus (COVID-19) has resulted in a significant speeding up in the move away from cash, as consumers and retailers tried to avoid handling it, particularly in the early days of the pandemic. This has therefore been providing strong impetus…

After transactions plummeted in current value and volume terms in 2020, store cards is expected to see another year of decline in 2021, although at a slower rate. However, a strong decline was also seen in 2019, indicating that this poor performance…

Pre-paid cards saw a significant decline in current value and volume transactions in 2020. Home working, social distancing and the reluctance of many people to venture outside of the home unless absolutely necessary due to COVID-19 meant that demand…

As no strict lockdown was implemented in Norway during the COVID-19 pandemic, although card payment transactions saw a negative impact in 2020, the decline was minimal, especially in terms of value transactions. The main factors hampering growth in…

Debit cards has benefited from the near disappearance of cash usage at points of sale during the pandemic. One major impact of the COVID-19 pandemic on the use of payment cards in general and debit cards in particular has been consumers’ reluctance…

Credit cards was severely hit in 2020 by the reduction of international travel due to COVID-19. Norwegians like to pay for goods and services abroad with a credit card, because they do not have to worry about the availability of funds during their…

The Norwegian economy has been protected quite well during the COVID-19 crisis, as many people have been able to continue working from home, whilst for those who have temporarily lost their jobs, government financial support has been available, with…

Education lending is expected to maintain solid growth in gross lending in 2021. This is partly due to the lower availability of student jobs because of the increasing competition for less qualified jobs from older applicants coming from jobs in…

In 2020, charge cards saw massive declines in both current value and volume transactions, due to COVID-19 and the resultant decline in international travel. In 2021, with the continuation of the impact of the pandemic, travel has continued to be…