Norway: Spun Yarn Market 2021

Spun Yarn Market Size in Norway

The Norwegian spun yarn market contracted significantly to $X in 2019, waning by -X% 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 recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Spun Yarn Exports

Exports from Norway

Spun yarn exports from Norway surged to X kg in 2019, picking up by X% against the previous year's figure. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. As a result, exports reached the peak of X kg. From 2010 to 2019, the growth exports failed to regain the momentum.

In value terms, spun yarn exports soared to $X in 2019. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Exports peaked in 2019 and are likely to see gradual growth in the near future.

Exports by Country

Lithuania (X kg), Turkey (X kg) and Poland (X kg) were the main destinations of spun yarn exports from Norway.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for spun yarn exports from Norway, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports.

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

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2018, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Turkey ($X per ton), while the average price for exports to Lithuania ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Spun Yarn Imports

Imports into Norway

In 2019, the amount of yarn spun from silk waste imported into Norway dropped rapidly to X kg, which is down by -X% on 2018. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports contracted dramatically to $X in 2019. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Spain (X kg) constituted the largest spun yarn supplier to Norway, with a X% share of total imports. Moreover, spun yarn imports from Spain exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold. Italy (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of spun yarn to Norway, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Spain totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, falling by -X% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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