Scandinavia: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Scandinavia

The Scandinavia pile and chenille fabric market expanded remarkably to $X in 2021, with an increase of 5.5% against the previous year. In general, consumption continues to indicate a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Scandinavia

In value terms, pile and chenille fabric production reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 40%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports in Scandinavia

In 2021, the amount of woven pile fabrics and chenille fabrics exported in Scandinavia was estimated at X tons, stabilizing at the year before. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 6.8% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports amounted to $X in 2021. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2014 with an increase of 9.7%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X tons) represented the major exporter of woven pile fabrics and chenille fabrics, committing 55% of total exports. Sweden (X tons) ranks second in terms of the total exports with a 27% share, followed by Finland (14%). Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pile and chenille fabric exports from Denmark stood at -6.9%. At the same time, Norway (+1.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +1.7% from 2012-2021. By contrast, Sweden (-2.1%) and Finland (-4.9%) illustrated a downward trend over the same period. Sweden (+6.8 p.p.) and Norway (+2 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -9.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pile and chenille fabric supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), together accounting for 98% of total exports. These countries were followed by Norway, which accounted for a further 2.4%.

In terms of the main exporting countries, Norway, with a CAGR of -1.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 1.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 15% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.0%), while the other leaders experienced a decline in the export price figures.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports in Scandinavia

Pile and chenille fabric imports reduced to X tons in 2021, waning by -4.4% against 2020 figures. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 3.6% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pile and chenille fabric imports rose remarkably to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) represented the largest importer of woven pile fabrics and chenille fabrics, achieving 43% of total imports. Sweden (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Finland (20%) and Norway (12%).

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of -1.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest pile and chenille fabric importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), together comprising 79% of total imports.

Norway, with a CAGR of -1.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, growing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($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 (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform