Report Update Nov 1, 2024

Norway - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Composition Leather Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

China constituted the country with the largest volume of composition leather consumption, comprising approx. 21% of total volume. Moreover, composition leather consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by Indonesia, with a 3.4% share.

What are the largest producers of composition leather in the world?

China constituted the country with the largest volume of composition leather production, accounting for 22% of total volume. Moreover, composition leather production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by Indonesia, with a 3.6% share.

What are the leading suppliers of composition leather to Norway?

In value terms, China constituted the largest supplier of composition leather to Norway, comprising 61% of total imports. The second position in the ranking was occupied by Italy, with a 8.1% share of total imports. It was followed by Sweden, with a 6.4% share.

What are the leading importers of composition leather from Norway?

In value terms, Estonia remains the key foreign market for composition leather exports from Norway.

What is the average export price for composition leather in Norway?

The average composition leather export price stood at $17,503 per ton in 2020, falling by -7.3% against the previous year.

What is the average import price for composition leather in Norway?

In 2020, the average composition leather import price amounted to $45,250 per ton, surging by 24% against the previous year.

This report provides an in-depth analysis of the composition leather market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023