Norway: Festive Articles Market 2024

Festive Articles Market Size in Norway

In 2022, the Norwegian festive articles market increased by 13% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption saw a prominent increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Festive Articles Exports

Exports from Norway

In 2022, overseas shipments of festive or carnival articles were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, festive articles exports soared to $X in 2022. In general, exports, however, showed a abrupt decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for festive articles exports from Norway, with a 74% share of total exports. Moreover, festive articles exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. The third position in this ranking was held by Poland (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-16.3% per year) and Poland (+3.9% per year).

In value terms, Sweden ($X) remains the key foreign market for festive or carnival articles exports from Norway, comprising 57% of total exports. The second position in the ranking was held by Poland ($X), with a 10% share of total exports. It was followed by Denmark, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+11.9% per year) and Denmark (-9.8% per year).

Export Prices by Country

The average festive articles export price stood at $X per ton in 2022, rising by 13% against the previous year. Overall, the export price posted a noticeable expansion. The growth pace was the most rapid in 2019 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Faroe Islands ($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 the Czech Republic (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into Norway

In 2022, overseas purchases of festive or carnival articles increased by 3.7% to X tons, rising for the fourth year in a row after three years of decline. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, festive articles imports skyrocketed to $X in 2022. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of festive articles to Norway, with a 82% share of total imports. It was followed by Sweden (X tons), with a 2.5% share of total imports. Greece (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-14.2% per year) and Greece (+67.7% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Norway, comprising 79% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.2% share of total imports. It was followed by Sweden, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.0% per year) and Sweden (-11.4% per year).

Import Prices by Country

In 2022, the average festive articles import price amounted to $X per ton, rising by 13% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles import price increased by +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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