Norway: Silk Fabric Market 2024

Silk Fabric Market Size in Norway

The Norwegian silk fabric market soared to $X in 2022, rising 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). Over the period under review, consumption, however, showed a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Silk Fabric Exports

Exports from Norway

For the fourth consecutive year, Norway recorded growth in shipments abroad of woven fabrics of silk or of silk waste, which increased by X% to X square meters in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, silk fabric exports stood at $X in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland (X square meters) was the main destination for silk fabric exports from Norway, with a X% share of total exports. Moreover, silk fabric exports to Poland exceeded the volume sent to the second major destination, China (X square meters), twofold. The third position in this ranking was taken by Lithuania (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Lithuania (X% per year).

In value terms, Poland ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

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

Export Prices by Country

In 2022, the average silk fabric export price amounted to $X per square meter, standing approx. at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Fabric Imports

Imports into Norway

In 2022, silk fabric imports into Norway skyrocketed to X square meters, increasing by X% compared with 2021 figures. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silk fabric imports surged to $X in 2022. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X square meters) constituted the largest silk fabric supplier to Norway, accounting for a X% share of total imports. Moreover, silk fabric imports from India exceeded the figures recorded by the second-largest supplier, China (X square meters), fivefold. The UK (X square meters) ranked third in terms of total imports with a X% share.

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

In value terms, India ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Norway, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average silk fabric import price amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the import price saw strong growth. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per square meter), while the price for Sweden ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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