Scandinavia: Woolen Fabric Market 2024

Woolen Fabric Market Size in Scandinavia

The Scandinavia woolen fabric market expanded to $X in 2023, growing by X% against the previous year. Overall, consumption showed a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Woolen Fabric Production in Scandinavia

In value terms, woolen fabric production reached $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Woolen Fabric Exports

Exports in Scandinavia

In 2023, woolen fabric exports in Scandinavia declined rapidly to X square meters, shrinking by X% against 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, woolen fabric exports dropped to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Norway (X square meters) represented the main exporter of woven woolen fabrics, comprising X% of total exports. Sweden (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Finland (X%).

Norway was also the fastest-growing in terms of the woven woolen fabrics exports, with a CAGR of X% from 2012 to 2023. Finland (X%) and Sweden (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Norway, woolen fabric exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per square meter, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in years to come.

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 Sweden ($X per square meter), while Norway ($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 mixed trends in the export price figures.

Woolen Fabric Imports

Imports in Scandinavia

In 2023, overseas purchases of woven woolen fabrics decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, woolen fabric imports shrank to $X in 2023. Overall, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Sweden was the main importer of woven woolen fabrics in Scandinavia, with the volume of imports reaching X square meters, which was near X% of total imports in 2023. Norway (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the woven woolen fabrics imports, 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 and Norway increased by X and X percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported woven woolen fabrics in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, woolen fabric imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and Finland (X% per year).

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. Import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in the immediate term.

Average prices varied somewhat 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