Norway: Sails Market 2024

Sails Market Size in Norway

In 2023, the Norwegian sails market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a deep contraction. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Sails Production in Norway

In value terms, sails production contracted modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Sails Exports

Exports from Norway

In 2023, exports of sails from Norway fell markedly to X kg, which is down by X% on 2022. Over the period under review, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, sails exports contracted to $X in 2023. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg), Finland (X kg) and Switzerland (X kg) were the main destinations of sails exports from Norway, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for sails exports from Norway, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average sails export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into Norway

In 2023, overseas purchases of sails decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, sails imports shrank notably to $X in 2023. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Sri Lanka (X tons), China (X tons) and Sweden (X tons) were the main suppliers of sails imports to Norway, with a combined X% share of total imports. Tunisia, Thailand, Denmark, Poland, Turkey, the UK, Germany, the United States, Hong Kong SAR and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Sweden ($X) and China ($X) were the largest sails suppliers to Norway, with a combined X% share of total imports. Tunisia, Thailand, Denmark, Turkey, Poland, Germany, the UK, South Africa, Hong Kong SAR and the United States lagged somewhat behind, together accounting for a further X%.

Tunisia, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the average sails import price amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform