Norway: Overview of the Market for Cotton Lint 2021

Market Size for Cotton Lint in Norway

In 2019, the Norwegian market for cotton lint decreased by -X% to $X, falling for the second consecutive year after eleven years of growth. In general, consumption, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Exports of Cotton Lint

Exports from Norway

In 2019, cotton lint and cotton seed exports from Norway surged to X tonnes, with an increase of X% compared with the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, and cotton seed exports attained the peak figure in 2019 and are likely to continue growth in the near future.

In value terms, cotton lint and cotton seed exports rose remarkably to $X in 2019. Overall, exports showed buoyant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X; afterwards, it flattened through to 2019.

Exports by Country

Sweden (X tonnes) was the main destination for cotton lint and cotton seed exports from Norway, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Sweden amounted to +X%.

In value terms, Sweden ($X) also remains the key foreign market for cotton lint and cotton seed exports from Norway.

From 2007 to 2019, the average annual growth rate of value to Sweden stood at +X%.

Export Prices by Country

The average export price for cotton lint stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2007 to 2019, the rate of growth in terms of prices for Sweden amounted to -X% per year.

Imports of Cotton Lint

Imports into Norway

In 2019, supplies from abroad of cotton lint decreased by -X% to X tonnes, falling for the second year in a row after eight years of growth. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, cotton lint and cotton seed imports contracted to $X in 2019. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, and cotton seed imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest supplier of cotton lint and cotton seed to Norway, accounting for a X% share of total imports. Moreover, cotton lint and cotton seed imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and China (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cotton lint and cotton seed to Norway, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (+X% per year).

Import Prices by Country

The average import price for cotton lint stood at $X per tonne in 2019, stabilizing at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cotton lint in the world?

+

The countries with the highest volumes of cotton lint and cotton seed consumption in 2019 were China (1.5M tonnes), Viet Nam (1.3M tonnes) and Bangladesh (1.1M tonnes), together accounting for 35% of global consumption. Uzbekistan, Australia, Turkey, Indonesia, Pakistan, Burkina Faso, Turkmenistan, the U.S., Thailand and Malaysia lagged somewhat behind, together comprising a further 43%.

What are the largest producers of cotton lint in the world?

+

The country with the largest volume of cotton lint and cotton seed production was the U.S. (3.8M tonnes), comprising approx. 32% of total volume. Moreover, cotton lint and cotton seed production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (1.7M tonnes), twofold. Australia (1.4M tonnes) ranked third in terms of total production with a 12% share.

What are the leading suppliers of cotton lint to Norway?

+

In value terms, the Netherlands ($511K) constituted the largest supplier of cotton lint and cotton seed to Norway, comprising 46% of total imports. The second position in the ranking was occupied by China ($221K), with a 20% share of total imports. It was followed by France, with a 16% share.

What are the leading importers of cotton lint from Norway?

+

In value terms, Sweden ($1.5K) remains the key foreign market for cotton lint and cotton seed exports from Norway.

What is the average export price for cotton lint in Norway?

+

The average export price for cotton lint stood at $1,197 per tonne in 2019, with a decrease of -47.3% against the previous year.

What is the average import price for cotton lint in Norway?

+

The average import price for cotton lint stood at $3,669 per tonne in 2019, stabilizing at the previous year.