Norway: Composition Leather Market 2025

Composition Leather Market Size in Norway

After seven years of decline, the Norwegian composition leather market increased by 5.1% to $X in 2021. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Composition Leather Production in Norway

In value terms, composition leather production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Composition Leather Exports

Exports from Norway

In 2021, approx. X square meters of composition leather were exported from Norway; rising by 17% compared with the year before. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 245%. 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, composition leather exports soared to $X in 2021. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 385% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Estonia (X square meters) was the main destination for composition leather exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia totaled +37.4%.

In value terms, Estonia ($X) also remains the key foreign market for composition leather exports from Norway.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +34.9%.

Export Prices by Country

In 2021, the average composition leather export price amounted to $X per square meter, increasing by 63% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +44.1% per year.

Composition Leather Imports

Imports into Norway

In 2021, approx. X square meters of composition leather were imported into Norway; with an increase of 33% on the year before. In general, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by 111%. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, composition leather imports dropped rapidly to $X in 2021. Overall, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 99%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X square meters), China (X square meters) and Germany (X square meters) were the main suppliers of composition leather imports to Norway, together accounting for 71% of total imports. These countries were followed by Spain, the UK, Sweden, Italy and India, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), China ($X) and Germany ($X) appeared to be the largest composition leather suppliers to Norway, with a combined 54% share of total imports. Spain, the UK, Sweden, Italy and India lagged somewhat behind, together comprising a further 38%.

Spain, with a CAGR of +31.3%, saw 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 composition leather import price stood at $X per square meter in 2021, waning by -36.4% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. The import price peaked at $X per square meter in 2020, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Denmark ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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