Norway: Primary Fiber Crops Market 2023

Primary Fiber Crops Market Size in Norway

The Norwegian primary fiber crops market expanded sharply to $X in 2022, increasing by 11% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Primary Fiber Crops Production in Norway

In value terms, primary fiber crops production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Primary Fiber Crops Exports

Exports from Norway

After two years of decline, overseas shipments of fiber crops (primary) increased by 33% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 131%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, primary fiber crops exports soared to $X in 2022. Over the period under review, exports showed pronounced growth. The growth pace was the most rapid in 2019 when exports increased by 138% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Ghana (X tons), Poland (X tons) and Vietnam (X tons) were the main destinations of primary fiber crops exports from Norway, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +66.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for primary fiber crops exported from Norway were Ghana ($X), Estonia ($X) and the United States ($X), with a combined 55% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +59.5%, saw the highest rates of growth with regard to 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

The average primary fiber crops export price stood at $X per ton in 2022, falling by -8.3% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops export price decreased by -8.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Primary Fiber Crops Imports

Imports into Norway

In 2022, imports of fiber crops (primary) into Norway skyrocketed to X tons, growing by 18% compared with the previous year's figure. In general, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, primary fiber crops imports reached $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Sri Lanka (X tons), India (X tons) and the UK (X tons) were the main suppliers of primary fiber crops imports to Norway, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), India ($X) and the UK ($X) constituted the largest primary fiber crops suppliers to Norway, with a combined 45% share of total imports.

Sri Lanka, with a CAGR of +24.1%, recorded the highest rates of growth with regard to the value of imports, among 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 primary fiber crops import price stood at $X per ton in 2022, declining by -14.9% against the previous year. In general, the import price, however, saw measured growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 125%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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