Norway: Sportswear Market 2024

Sportswear Market Size in Norway

The Norwegian sportswear market rose significantly to $X in 2022, surging 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). In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sportswear Exports

Exports from Norway

After six years of growth, shipments abroad of track suits, ski suits and swimwear decreased by X% to X units in 2022. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, sportswear exports shrank to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Sweden (X units) was the main destination for sportswear exports from Norway, accounting for a X% share of total exports. Moreover, sportswear exports to Sweden exceeded the volume sent to the second major destination, the UK (X units), ninefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Sweden ($X) remains the key foreign market for track suits, ski suits and swimwear exports from Norway, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average sportswear export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price saw a measured expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Sportswear Imports

Imports into Norway

In 2022, purchases abroad of track suits, ski suits and swimwear was finally on the rise to reach X units after two years of decline. Overall, imports, however, saw a mild reduction. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sportswear imports totaled $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest sportswear supplier to Norway, with a X% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Norway, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average sportswear import price amounted to $X per unit, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tunisia ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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