Norway: Woolen Fabric Market 2024

Woolen Fabric Market Size in Norway

In 2023, the Norwegian woolen fabric market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Woolen Fabric Production in Norway

In value terms, woolen fabric production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Woolen fabric production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Woolen Fabric Exports

Exports from Norway

After two years of growth, shipments abroad of woven woolen fabrics decreased by X% to X square meters in 2023. Over the period under review, total exports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2022, and then fell sharply in the following year.

In value terms, woolen fabric exports shrank to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X square meters) was the main destination for woolen fabric exports from Norway, with a X% share of total exports. Moreover, woolen fabric exports to Denmark exceeded the volume sent to the second major destination, Sweden (X square meters), eightfold. Lithuania (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Lithuania (X% per year).

In value terms, Denmark ($X) remains the key foreign market for woven woolen fabrics exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Italy (X% per year).

Export Prices by Country

The average woolen fabric export price stood at $X per square meter in 2023, rising by X% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The export price peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to Lithuania ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Fabric Imports

Imports into Norway

In 2023, after two years of growth, there was decline in purchases abroad of woven woolen fabrics, when their volume decreased by X% to X square meters. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, woolen fabric imports declined to $X in 2023. In general, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Italy (X square meters), the UK (X square meters) and Sweden (X square meters) were the main suppliers of woolen fabric imports to Norway, with a combined X% share of total imports. Germany, Portugal, Denmark, Austria, China, Lithuania, Bulgaria, Vietnam, Belgium and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest woolen fabric suppliers to Norway were Italy ($X), the UK ($X) and Germany ($X), with a combined X% share of total imports. Sweden, Portugal, Austria, Denmark, Vietnam, Lithuania, Bulgaria, Belgium, China and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2023, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform