Scandinavia: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Scandinavia

For the third consecutive year, the Scandinavia narrow woven fabric market recorded decline in sales value, which decreased by -0.1% to $X in 2021. Overall, consumption saw a drastic downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Production in Scandinavia

In value terms, narrow woven fabric production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 31%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports in Scandinavia

In 2021, after four years of decline, there was significant growth in overseas shipments of narrow woven fabrics, when their volume increased by 17% to X tons. Overall, exports, however, continue to indicate a mild shrinkage. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, narrow woven fabric exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporting country with an export of about X tons, which reached 60% of total exports. It was distantly followed by Finland (X tons), generating a 39% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +2.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest narrow woven fabric supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Norway, with a CAGR of +7.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.9%), while the other leaders experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports in Scandinavia

In 2021, imports of narrow woven fabrics in Scandinavia fell slightly to X tons, shrinking by -4.4% compared with 2020. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports surged to $X in 2021. Overall, imports showed a perceptible decrease. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden was the major importer of narrow woven fabrics in Scandinavia, with the volume of imports reaching X tons, which was near 50% of total imports in 2021. It was distantly followed by Norway (X tons) and Finland (X tons), together comprising a 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +0.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021.

Among the main importing countries, Finland, with a CAGR of -1.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 22% against the previous year. Import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, narrow woven fabric import price increased by +71.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform