Norway: Jute Market Overview 2020

Jute Market Size in Norway

The revenue of the jute market in Norway amounted to $X in 2018, lowering 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). Over the period under review, jute consumption, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Over the period under review, the jute market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Jute Exports

Exports from Norway

Jute exports from Norway amounted to X kg in 2018, falling by -X% against the previous year. Overall, jute exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at X kg in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, jute exports totaled $X in 2018. Over the period under review, jute exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. In that year, jute exports attained their peak of $X. From 2015 to 2018, the growth of jute exports remained at a somewhat lower figure.

Exports by Country

Sweden (X kg) was the main destination for jute exports from Norway, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Sweden stood at -X%.

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

From 2007 to 2018, the average annual growth rate of value to Sweden totaled -X%.

Export Prices by Country

The average jute export price stood at $X per tonne in 2018, growing by X% against the previous year. In general, the jute export price, however, continues to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. Over the period under review, the average export prices for jute and other textile fibres reached their peak figure at $X per tonne in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the rate of growth in terms of prices for Sweden amounted to -X% per year.

Jute Imports

Imports into Norway

In 2018, approx. X tonnes of jute and other textile fibres were imported into Norway; falling by -X% against the previous year. Overall, jute imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, jute imports stood at $X in 2018. Over the period under review, jute imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Over the period under review, jute imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Denmark (X tonnes) constituted the largest supplier of jute to Norway, accounting for a X% share of total imports. Moreover, jute imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold. Sweden (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Sweden (+X% per year).

In value terms, the largest jute suppliers to Norway were Sweden ($X), Poland ($X) and Denmark ($X), together comprising X% of total imports.

Sweden recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average jute import price stood at $X per tonne in 2018, picking up by X% against the previous year. Overall, the jute import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform