Norway: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Norway

The Norwegian tanned or dressed furskins market declined rapidly to $X in 2022, waning by -29.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt decline. Tanned or dressed furskins consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Tanned or Dressed Furskins

Exports from Norway

In 2022, the amount of tanned or dressed furskins exported from Norway fell rapidly to X units, with a decrease of -38.2% compared with the previous year. Over the period under review, exports, however, showed a tangible increase. The pace of growth was the most pronounced in 2017 with an increase of 897%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports dropped significantly to $X in 2022. In general, exports saw a pronounced reduction. The growth pace was the most rapid in 2017 with an increase of 1,208%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for tanned or dressed furskins exports from Norway, with a 58% share of total exports. Moreover, tanned or dressed furskins exports to Sweden exceeded the volume sent to the second major destination, the United States (X units), threefold. Germany (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+130.5% per year) and Germany (+7.7% per year).

In value terms, Sweden ($X) emerged as the key foreign market for tanned or dressed furskins exports from Norway, comprising 52% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+97.4% per year) and Germany (+1.0% per year).

Export Prices by Country

In 2022, the average tanned or dressed furskins export price amounted to $X per unit, reducing by -12% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tanned or Dressed Furskins

Imports into Norway

In 2022, the amount of tanned or dressed furskins imported into Norway shrank dramatically to X units, falling by -30.5% against the year before. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tanned or dressed furskins imports contracted sharply to $X in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Sweden (X units) and Poland (X units) were the main suppliers of tanned or dressed furskins imports to Norway, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of -0.2%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of tanned or dressed furskins to Norway, comprising 52% of total imports. The second position in the ranking was held by Sweden ($X), with a 23% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+0.4% per year) and Poland (+0.2% per year).

Import Prices by Country

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, approximately reflecting the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :