Norway: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Norway

The Norwegian man-made filament fabric market dropped to $X in 2021, with a decrease of -8.1% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +10.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Man-Made Filament Fabric Production in Norway

In value terms, man-made filament fabric production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.9% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 68%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Man-Made Filament Fabric Exports

Exports from Norway

In 2021, overseas shipments of woven fabrics of man-made filaments and staple fibers were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a sharp shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 88% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament fabric exports skyrocketed to $X in 2021. In general, exports, however, faced a deep reduction. Over the period under review, the exports reached the maximum 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 man-made filament fabric exports from Norway, with a 46% share of total exports. Moreover, man-made filament fabric exports to Poland exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. The third position in this ranking was taken by Finland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+5.9% per year) and Finland (-30.3% per year).

In value terms, Poland ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Norway, comprising 39% of total exports. The second position in the ranking was held by Sweden ($X), with a 13% share of total exports. It was followed by Latvia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Poland amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+3.5% per year) and Latvia (+13.6% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per ton in 2021, dropping by -9.9% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 125%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Estonia ($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 Italy (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Fabric Imports

Imports into Norway

In 2021, supplies from abroad of woven fabrics of man-made filaments and staple fibers increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 17% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament fabric imports soared to $X in 2021. Overall, imports, however, showed a pronounced setback. 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 man-made filament fabric to Norway, with a 42% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.9% per year) and Sweden (+4.0% per year).

In value terms, China ($X), Italy ($X) and Sweden ($X) were the largest man-made filament fabric suppliers to Norway, with a combined 44% share of total imports. Belgium, the UK, Germany, the Netherlands, the Czech Republic and Latvia lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Latvia, with a CAGR of +82.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, picking up by 4.5% against the previous year. Overall, the import price, however, recorded a drastic downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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