Norway: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Norway

In 2021, the Norwegian man-made filament yarn market decreased by -30.4% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a temperate expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from Norway

In 2021, after three years of growth, there was significant decline in shipments abroad of man-made filament yarn, when their volume decreased by -25.4% to X tons. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 109%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, man-made filament yarn exports fell to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for man-made filament yarn exports from Norway, with a 39% share of total exports. Moreover, man-made filament yarn exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The third position in this ranking was taken by Poland (X kg), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+43.5% per year) and Poland (+44.2% per year).

In value terms, Sweden ($X) remains the key foreign market for man-made filament yarn exports from Norway, comprising 45% of total exports. The second position in the ranking was held by Denmark ($X), with a 21% share of total exports. It was followed by the Netherlands, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+31.9% per year) and the Netherlands (+170.1% per year).

Export Prices by Country

In 2021, the average man-made filament yarn export price amounted to $X per ton, rising by 16% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, man-made filament yarn export price decreased by -0.1% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 France (+96.0%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Norway

In 2021, overseas purchases of man-made filament yarn decreased by -38.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2018 with an increase of 242%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports shrank remarkably to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 131%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Latvia (X tons) and Belarus (X tons) were the main suppliers of man-made filament yarn imports to Norway, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +67.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest man-made filament yarn suppliers to Norway were Latvia ($X), Lithuania ($X) and Belarus ($X), together comprising 88% of total imports.

Among the main suppliers, Lithuania, with a CAGR of +50.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2021, with an increase of 27% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+17.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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