Norway: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Norway

The Norwegian bedding and furnishing article market rose significantly to $X in 2021, surging by 7.6% against the previous year. Overall, consumption, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the market value increased by 9.4%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Norway

In value terms, bedding and furnishing article production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a deep reduction. Bedding and furnishing article production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Norway

In 2021, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 15% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2015 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, bedding and furnishing article exports soared to $X in 2021. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 50%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for bedding and furnishing article exports from Norway, accounting for a 42% share of total exports. Moreover, bedding and furnishing article exports to Sweden exceeded the volume sent to the second major destination, the United States (X tons), twofold. Denmark (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.5% per year) and Denmark (+4.5% per year).

In value terms, the largest markets for bedding and furnishing article exported from Norway were the United States ($X), Sweden ($X) and Germany ($X), with a combined 70% share of total exports. These countries were followed by Thailand, Denmark, Finland, the UK, Japan, Iceland and Poland, which together accounted for a further 22%.

Thailand, with a CAGR of +332.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2021, increasing by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Norway

In 2021, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were imported into Norway; rising by 12% against the previous year. Over the period under review, imports, however, recorded a slight contraction. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, bedding and furnishing article imports rose remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of bedding and furnishing article imports to Norway, together accounting for 75% of total imports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +4.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bedding and furnishing article suppliers to Norway were Sweden ($X), China ($X) and Denmark ($X), together accounting for 71% of total imports.

Sweden, with a CAGR of +2.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, declining by -2.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Estonia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform