Norway: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Norway

In 2022, after two years of growth, there was significant decline in the Norwegian artificial filament tow market, when its value decreased by X% to $X. In general, consumption showed a relatively flat trend pattern. Artificial filament tow consumption peaked at $X in 2021, and then declined dramatically in the following year.

Artificial Filament Tow Production in Norway

In value terms, artificial filament tow production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Artificial Filament Tow Exports

Exports from Norway

In 2022, overseas shipments of artificial filament tow were finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, artificial filament tow exports stood at $X in 2022. Overall, exports showed a measured expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for artificial filament tow exports from Norway, with a X% share of total exports. Moreover, artificial filament tow exports to the UK exceeded the volume sent to the second major destination, Sweden (X kg), threefold.

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

In value terms, Spain ($X) remains the key foreign market for artificial filament tow exports from Norway, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average artificial filament tow export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

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

Artificial Filament Tow Imports

Imports into Norway

In 2022, artificial filament tow imports into Norway shrank sharply to X tons, which is down by X% against 2021 figures. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, artificial filament tow imports plummeted to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) was the main artificial filament tow supplier to Norway, with a X% share of total imports. Moreover, artificial filament tow imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%.

In value terms, the Netherlands ($X) constituted the largest supplier of artificial filament tow to Norway, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%.

Import Prices by Country

In 2022, the average artificial filament tow import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for the Netherlands stood at $X per ton.

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

Source: IndexBox Platform

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