Norway: Leather Market 2024

Leather Market Size in Norway

After two years of growth, the Norwegian leather market decreased by X% to $X in 2022. Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Leather Production in Norway

In value terms, leather production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Leather Exports

Exports from Norway

In 2022, overseas shipments of leather increased by X% to X square meters, rising for the third year in a row after four years of decline. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, leather exports shrank to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Lithuania (X square meters) was the main destination for leather exports from Norway, accounting for a X% share of total exports. Moreover, leather exports to Lithuania exceeded the volume sent to the second major destination, the United States (X square meters), threefold. The third position in this ranking was held by Turkey (X square meters), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X.3% per year).

In value terms, Lithuania ($X), the United States ($X) and Thailand ($X) appeared to be the largest markets for leather exported from Norway worldwide, together accounting for X% of total exports. Italy, Estonia and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average leather export price amounted to $X per square meter, approximately equating the previous year. Overall, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Imports

Imports into Norway

After two years of growth, purchases abroad of leather decreased by X% to X square meters in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, leather imports declined markedly to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X square meters), Italy (X square meters) and India (X square meters) were the main suppliers of leather imports to Norway, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest leather suppliers to Norway were Italy ($X), Brazil ($X) and India ($X), together comprising X% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average leather import price amounted to $X per square meter, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for India ($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 Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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