Norway: Women Knitwear Market 2024

Women Knitwear Market Size in Norway

The Norwegian women knitwear market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong increase. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Women Knitwear Production in Norway

In value terms, women knitwear production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Women Knitwear Exports

Exports from Norway

After five years of growth, shipments abroad of women's or girls' clothing (knitted or crocheted) decreased by X% to X units in 2022. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, women knitwear exports contracted to $X in 2022. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Sweden (X units) was the main destination for women knitwear exports from Norway, with a X% share of total exports. Moreover, women knitwear exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The third position in this ranking was taken by Poland (X units), with a X% share.

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

In value terms, Sweden ($X) remains the key foreign market for women's or girls' clothing (knitted or crocheted) exports from Norway, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

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

Export Prices by Country

The average women knitwear export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Spain ($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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Women Knitwear Imports

Imports into Norway

Women knitwear imports into Norway dropped modestly to X units in 2022, approximately mirroring the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, women knitwear imports declined slightly to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

China (X units), Bangladesh (X units) and Turkey (X units) were the main suppliers of women knitwear imports to Norway, together comprising X% of total imports. Cambodia, Indonesia, India, Myanmar, Vietnam and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of women's or girls' clothing (knitted or crocheted) to Norway, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average women knitwear import price amounted to $X per unit, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid 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 contracted modestly in the following year.

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 Vietnam ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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