Norway: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Norway

After three years of growth, the Norwegian plaits and basketwork market decreased by X% to $X in 2022. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. As a result, consumption reached the peak level of $X, and then fell modestly in the following year.

Plaits And Basketwork Exports

Exports from Norway

In 2022, shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plaits and basketwork exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for plaits and basketwork exports from Norway, with a X% share of total exports. Moreover, plaits and basketwork exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Poland (X% per year).

In value terms, Sweden ($X) remains the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from Norway, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Poland (X% per year).

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price recorded a strong increase. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Plaits And Basketwork Imports

Imports into Norway

In 2022, the amount of plaits, basketwork, wickerwork and similar products of plaiting materials imported into Norway declined to X tons, with a decrease of X% against the previous year. Over the period under review, imports continue to indicate a mild contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, plaits and basketwork imports reduced slightly to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plaits and basketwork to Norway, with a X% share of total imports. Moreover, plaits and basketwork imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was taken by Bangladesh (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Bangladesh (X% per year).

In value terms, the largest plaits and basketwork suppliers to Norway were China ($X), Vietnam ($X) and Indonesia ($X), together accounting for X% of total imports. Bangladesh, Denmark, India and Sweden lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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