Scandinavia: Cotton Fabric Market 2024

Cotton Fabric Market Size in Scandinavia

The Scandinavia cotton fabric market fell markedly to $X in 2023, waning by X% against the previous year. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Cotton Fabric Production in Scandinavia

In value terms, cotton fabric production rose slightly to $X in 2023 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Cotton Fabric Exports

Exports in Scandinavia

In 2023, after two years of growth, there was significant decline in overseas shipments of woven fabrics of cotton, when their volume decreased by X% to X square meters. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, cotton fabric exports shrank markedly to $X in 2023. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the main exporter of woven fabrics of cotton in Scandinavia, with the volume of exports finishing at X square meters, which was near X% of total exports in 2023. Finland (X square meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Norway (X%).

Sweden was also the fastest-growing in terms of the woven fabrics of cotton exports, with a CAGR of X% from 2012 to 2023. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per square meter, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per square meter), while Norway ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Cotton Fabric Imports

Imports in Scandinavia

In 2023, the amount of woven fabrics of cotton imported in Scandinavia fell dramatically to X square meters, which is down by X% compared with the previous year's figure. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X square meters in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, cotton fabric imports contracted dramatically to $X in 2023. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Sweden represented the major importer of woven fabrics of cotton in Scandinavia, with the volume of imports accounting for X square meters, which was near X% of total imports in 2023. Norway (X square meters) held the second position in the ranking, followed by Finland (X square meters). All these countries together held near X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest cotton fabric importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Norway, with a CAGR of X%, saw 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

The import price in Scandinavia stood at $X per square meter in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per square meter), while Norway ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform