Scandinavia: Textile Wadding Market 2022

Textile Wadding Market Size in Scandinavia

In 2021, after two years of decline, there was significant growth in the Scandinavia textile wadding market, when its value increased by 12% to $X. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Textile Wadding Production in Scandinavia

In value terms, textile wadding production expanded sharply to $X in 2021 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Textile Wadding Exports

Exports in Scandinavia

In 2021, overseas shipments of wadding of textile materials and articles thereof increased by 30% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports recorded measured growth. The most prominent rate of growth was recorded in 2019 when exports increased by 46%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, textile wadding exports soared to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +115.4% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) and Sweden (X tons) prevails in exports structure, together making up 95% of total exports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Denmark (with a CAGR of +9.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, together comprising 99% of total exports.

Among the main exporting countries, Sweden, with a CAGR of +6.3%, saw the highest growth rate of the value of exports, 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, with an increase of 13% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 51%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+13.0%), while the other leaders experienced mixed trends in the export price figures.

Textile Wadding Imports

Imports in Scandinavia

In 2021, overseas purchases of wadding of textile materials and articles thereof increased by 9.6% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 16%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, textile wadding imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of wadding of textile materials and articles thereof, namely Sweden, Denmark and Finland, represented more than two-thirds of total import. It was distantly followed by Norway (X tons), comprising a 12% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile wadding importing markets in Scandinavia were Denmark ($X), Finland ($X) and Sweden ($X), with a combined 86% share of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +5.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 4.1% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Finland ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform