Norway: Silk Yarn Market 2021

Silk Yarn Market Size in Norway

The Norwegian silk yarn market dropped to $X in 2019, shrinking by -X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2017 to 2019, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Norway

In value terms, silk yarn production shrank to $X in 2019 estimated in export prices. In general, the total production indicated a noticeable expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2019, production growth remained at a somewhat lower figure.

Silk Yarn Exports

Exports from Norway

In 2019, the amount of silk yarn exported from Norway soared to X kg, picking up by X% against 2018 figures. In general, exports, however, continue to indicate a sharp contraction. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, silk yarn exports surged to $X in 2019. Over the period under review, exports, however, recorded a deep reduction. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Denmark (X kg) was the main destination for silk yarn exports from Norway, accounting for a X% share of total exports. Moreover, silk yarn exports to Denmark exceeded the volume sent to the second major destination, the UK (X kg), fourfold. The third position in this ranking was occupied by Lithuania (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Denmark amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Lithuania (+X% per year).

In value terms, the UK ($X) emerged as the key foreign market for silk yarn exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Sweden (+X% per year).

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania, while the prices for the other major destinations experienced more modest paces of growth.

Silk Yarn Imports

Imports into Norway

In 2019, silk yarn imports into Norway reduced notably to X kg, waning by -X% on the previous year's figure. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X kg in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports reduced to $X in 2019. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Denmark (X kg), Faroe Islands (X kg) and India (X kg) were the main suppliers of silk yarn imports to Norway, together comprising X% of total imports. Japan, Italy, the UK and Switzerland lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in the UK, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X) constituted the largest supplier of silk yarn to Norway, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Faroe Islands, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Denmark stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Faroe Islands (X% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, growing by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2010; however, from 2011 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the price for Faroe Islands ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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