Norway: Silk Fabric Market 2024

Silk Fabric Market Size in Norway

The Norwegian silk fabric market soared to $X in 2021, growing by 15% 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). Overall, consumption, however, faced a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Fabric Exports

Exports from Norway

In 2021, exports of woven fabrics of silk or of silk waste from Norway soared to X square meters, increasing by 55% on 2020 figures. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 332%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, silk fabric exports soared to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 282% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Poland (X square meters) was the main destination for silk fabric exports from Norway, accounting for a 67% share of total exports. Moreover, silk fabric exports to Poland exceeded the volume sent to the second major destination, China (X square meters), sixfold. The third position in this ranking was taken by Estonia (X square meters), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.5% per year) and Estonia (+12.6% per year).

In value terms, Poland ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Norway, comprising 51% of total exports. The second position in the ranking was taken by Estonia ($X), with a 25% share of total exports. It was followed by Lithuania, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +67.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+16.0% per year) and Lithuania (+30.3% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2021, with an increase of 64% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 257%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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 Estonia ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Norway

Silk fabric imports into Norway skyrocketed to X square meters in 2021, rising by 25% compared with the year before. Overall, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 87% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silk fabric imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X square meters) constituted the largest supplier of silk fabric to Norway, with a 55% share of total imports. Moreover, silk fabric imports from India exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The UK (X square meters) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.6% per year) and the UK (-14.2% per year).

In value terms, India ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Norway, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by the UK, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.6% per year) and the UK (-12.3% per year).

Import Prices by Country

In 2021, the average silk fabric import price amounted to $X per square meter, with a decrease of -5.3% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. The import price peaked at $X per square meter in 2020, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per square meter), while the price for Sweden ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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