Norway: Market for Nets of Twine, Cordage, Rope or Textile Materials 2025

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Norway

In 2022, the Norwegian market for nets of twine, cordage, rope or textile materials increased by 29% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Norway

In value terms, twine, cordage or textile net production declined to $X in 2022 estimated in export price. Overall, production, however, saw strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 55% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Norway

In 2022, the amount of nets of twine, cordage, rope or textile materials exported from Norway shrank notably to X tons, falling by -25.9% compared with 2021. Over the period under review, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of 33%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, twine, cordage or textile net exports declined to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.8% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Lithuania (X tons) was the main destination for twine, cordage or textile net exports from Norway, with a 38% share of total exports. Moreover, twine, cordage or textile net exports to Lithuania exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+4.9% per year) and Denmark (+6.1% per year).

In value terms, Lithuania ($X), Russia ($X) and Denmark ($X) appeared to be the largest markets for twine, cordage or textile net exported from Norway worldwide, with a combined 59% share of total exports. Iceland, Spain, Latvia and Mauritania lagged somewhat behind, together accounting for a further 18%.

Latvia, with a CAGR of +36.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, picking up by 23% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine, cordage or textile net export price increased by +98.7% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Mauritania ($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 Lithuania (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Norway

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were imported into Norway; with an increase of 14% against the year before. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.5% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, twine, cordage or textile net imports surged to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Lithuania (X tons), China (X tons) and India (X tons) were the main suppliers of twine, cordage or textile net imports to Norway, together accounting for 66% of total imports. Slovakia, Taiwan (Chinese), Vietnam, Portugal, Denmark, South Korea, Thailand and Spain lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), India ($X) and China ($X) constituted the largest twine, cordage or textile net suppliers to Norway, together accounting for 63% of total imports. Slovakia, Taiwan (Chinese), Vietnam, Denmark, Portugal, Thailand, South Korea and Spain lagged somewhat behind, together comprising a further 29%.

South Korea, with a CAGR of +44.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, with an increase of 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Denmark ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :