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Norway - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNorway: Composition Leather Market 2024
Composition Leather Market Size in Norway
After seven years of decline, the Norwegian composition leather market increased by 5.1% to $X in 2021. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.
Composition Leather Production in Norway
In value terms, composition leather production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.
Composition Leather Exports
Exports from Norway
In 2021, approx. X square meters of composition leather were exported from Norway; rising by 17% compared with the year before. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 245%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.
In value terms, composition leather exports soared to $X in 2021. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 385% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.
Exports by Country
Estonia (X square meters) was the main destination for composition leather exports from Norway, accounting for a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia totaled +37.4%.
In value terms, Estonia ($X) also remains the key foreign market for composition leather exports from Norway.
From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +34.9%.
Export Prices by Country
In 2021, the average composition leather export price amounted to $X per square meter, increasing by 63% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +44.1% per year.
Composition Leather Imports
Imports into Norway
In 2021, approx. X square meters of composition leather were imported into Norway; with an increase of 33% on the year before. In general, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 111%. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, composition leather imports dropped rapidly to $X in 2021. Overall, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 99%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
Denmark (X square meters), China (X square meters) and Germany (X square meters) were the main suppliers of composition leather imports to Norway, together accounting for 71% of total imports. These countries were followed by Spain, the UK, Sweden, Italy and India, which together accounted for a further 25%.
From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Denmark ($X), China ($X) and Germany ($X) appeared to be the largest composition leather suppliers to Norway, with a combined 54% share of total imports. Spain, the UK, Sweden, Italy and India lagged somewhat behind, together comprising a further 38%.
Spain, with a CAGR of +31.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average composition leather import price stood at $X per square meter in 2021, waning by -36.4% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. The import price peaked at $X per square meter in 2020, and then shrank sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Denmark ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the composition leather 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 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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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