Sweden: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Sweden

The Swedish non-cotton terry towelling market shrank rapidly to $X in 2021, dropping by -18.8% against the previous year. Overall, consumption continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Non-Cotton Terry Towelling Production in Sweden

In value terms, non-cotton terry towelling production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Non-Cotton Terry Towelling Exports

Exports from Sweden

After two years of decline, shipments abroad of terry towelling (excluding of cotton) increased by 189% to X square meters in 2021. Over the period under review, exports, however, recorded a perceptible slump. Over the period under review, the exports attained the maximum at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling exports surged to $X in 2021. Overall, exports enjoyed resilient growth. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X square meters) was the main destination for non-cotton terry towelling exports from Sweden, accounting for a 92% share of total exports. It was followed by Germany (X square meters), with a 2.1% share of total exports. The United States (X square meters) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.8% per year) and the United States (-3.8% per year).

In value terms, Norway ($X) remains the key foreign market for terry towelling (excluding of cotton) exports from Sweden, comprising 86% of total exports. The second position in the ranking was held by Germany ($X), with a 2.4% share of total exports. It was followed by the United States, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.8% per year) and the United States (+6.6% per year).

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2021, growing by 33% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per square meter), while the average price for exports to Norway ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports into Sweden

Non-cotton terry towelling imports into Sweden rose notably to X square meters in 2021, with an increase of 12% on the previous year. Over the period under review, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 354%. As a result, imports reached the peak of X square meters. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, non-cotton terry towelling imports surged to $X in 2021. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 311%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X square meters), Finland (X square meters) and the UK (X square meters) were the main suppliers of non-cotton terry towelling imports to Sweden, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +25.8%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Sweden, comprising 42% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.3% per year) and Denmark (+6.7% per year).

Import Prices by Country

In 2021, the average non-cotton terry towelling import price amounted to $X per square meter, growing by 13% against the previous year. In general, the import price recorded pronounced growth. The pace of growth appeared the most rapid in 2020 an increase of 89%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :