Norway: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Norway

After three years of growth, the Norwegian market for coconut, abaca, ramie and other vegetable textile fibres decreased by -5.7% to $X in 2022. Overall, consumption, however, recorded a mild slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Norway

In 2022, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by 0% to X tons, falling for the third consecutive year after three years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 644% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres stood at $X in 2022. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 572%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) and Sweden (X kg) were the main destinations of exports of coconut, abaca, ramie and other vegetable textile fibres from Norway.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +13.4%).

In value terms, the largest markets for coconut, abaca, ramie and other vegetable textile fibre exported from Norway were Sweden ($X) and Poland ($X).

Among the main countries of destination, Sweden, with a CAGR of +14.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, flattening at the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.9%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Norway

For the fourth consecutive year, Norway recorded growth in purchases abroad of coconut, abaca, ramie and other vegetable textile fibres, which increased by 18% to X tons in 2022. Overall, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2015 when imports increased by 43% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Sri Lanka (X tons), India (X tons) and the UK (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Norway, together comprising 92% of total imports. The Netherlands and Belgium lagged somewhat behind, together comprising a further 4.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +71.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Norway, comprising 46% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by the UK, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sri Lanka totaled +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.9% per year) and the UK (+33.4% per year).

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, dropping by -25.5% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for coconut, abaca, ramie and other vegetable textile fibres increased by +11.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined dramatically 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 the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform