Scandinavia: Market for Cotton (Carded Or Combed) 2025

Market Size for Cotton (Carded Or Combed) in Scandinavia

In 2022, after two years of growth, there was significant decline in the Scandinavia cotton (carded or combed) market, when its value decreased by -20.1% to $X. In general, consumption recorded a slight setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Cotton (Carded Or Combed) in Scandinavia

In value terms, cotton (carded or combed) production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports in Scandinavia

Cotton (carded or combed) exports reduced to X tons in 2022, with a decrease of -2.3% against the year before. Overall, exports, however, continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of 113% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 110% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden was the key exporter of cotton (carded or combed) in Scandinavia, with the volume of exports recording X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Finland (X tons), creating a 14% share of total exports.

Exports from Sweden increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Finland (+54.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +54.2% from 2012-2022. Finland (+14 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -4.9% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest cotton (carded or combed) supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was held by Finland ($X), with a 19% share of total exports.

In Sweden, cotton (carded or combed) exports shrank by an average annual rate of -2.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, waning by -17.2% against the previous year. In general, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 58% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-4.8%).

Imports of Cotton (Carded Or Combed)

Imports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas purchases of cotton (carded or combed), when their volume decreased by -27.8% to X tons. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 1,261% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cotton (carded or combed) imports fell sharply to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 450% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden was the main importing country with an import of around X tons, which reached 73% of total imports. It was distantly followed by Norway (X tons), achieving a 24% share of total imports. Finland (X tons) followed a long way behind the leaders.

Imports into Sweden decreased at an average annual rate of -8.8% from 2012 to 2022. At the same time, Norway (+22.4%) and Finland (+11.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +22.4% from 2012-2022. From 2012 to 2022, the share of Norway and Finland increased by +22 and +2.7 percentage points, respectively.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022, with a combined 99.9% share of total imports.

Among the main importing countries, Norway, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, waning by -4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2016 when the import price increased by 205% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform