Norway: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Norway

In 2021, after three years of decline, there was significant growth in the Norwegian high-tenacity filament polyester yarn market, when its value increased by 15% to $X. Overall, consumption, however, faced a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Norway

In 2021, overseas shipments of high-tenacity filament yarn of polyesters increased by 248% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a deep contraction. The growth pace was the most rapid in 2020 with an increase of 975%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 951%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Latvia (X tons) and Denmark (X kg) were the main destinations of high-tenacity filament polyester yarn exports from Norway, with a combined 53% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +17.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Norway were Latvia ($X), Germany ($X) and Denmark ($X), together accounting for 76% of total exports.

In terms of the main countries of destination, Latvia, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, shrinking by -45.2% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2015 an increase of 115%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 Denmark (+8.3%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Norway

In 2021, the amount of high-tenacity filament yarn of polyesters imported into Norway expanded remarkably to X tons, increasing by 11% compared with 2020. In general, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 173% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by 127% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Norway, with a 58% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.1% per year) and Germany (-31.8% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Norway, comprising 44% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.7% per year) and Germany (-33.9% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, rising by 5.4% against the previous year. In general, the import price, however, showed a deep setback. The pace of growth was the most pronounced in 2018 an increase of 9.5% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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