Norway: Knitted Fabric Market 2025

Knitted Fabric Market Size in Norway

In 2021, the Norwegian knitted fabric market increased by 7.2% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Knitted fabric consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Knitted Fabric Production in Norway

In value terms, knitted fabric production fell to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Knitted fabric production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Knitted Fabric Exports

Exports from Norway

After two years of decline, overseas shipments of knitted or crocheted fabrics increased by 122% to X tons in 2021. Over the period under review, exports, however, recorded a pronounced curtailment. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, knitted fabric exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for knitted fabric exports from Norway, with a 78% share of total exports. Moreover, knitted fabric exports to Poland exceeded the volume sent to the second major destination, Estonia (X tons), eightfold. The United States (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-15.2% per year) and the United States (+38.3% per year).

In value terms, Poland ($X) remains the key foreign market for knitted or crocheted fabrics exports from Norway, comprising 72% of total exports. The second position in the ranking was taken by Estonia ($X), with an 18% share of total exports. It was followed by Lithuania, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-13.7% per year) and Lithuania (-17.6% per year).

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2021, with a decrease of -13.3% against the previous year. Overall, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Brazil ($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 Latvia (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Norway

In 2021, overseas purchases of knitted or crocheted fabrics decreased by less than 0.1% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 18%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, knitted fabric imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 16%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), South Korea (X tons) and China (X tons) were the main suppliers of knitted fabric imports to Norway, together comprising 53% of total imports. These countries were followed by Germany, Poland, the Netherlands, Belgium, Denmark, Italy, Hungary, Turkey, South Africa and the UK, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +61.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of knitted or crocheted fabrics to Norway, comprising 20% of total imports. The second position in the ranking was held by China ($X), with a 9.7% share of total imports. It was followed by Denmark, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and Denmark (+0.4% per year).

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2021, surging by 9.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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