Articles of Gut Market in Norway
Market Overview
The Norwegian articles of gut market shrank significantly to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Consumption
In , the amount of articles of gut, goldbeater’s skin, bladders or tendons consumed in Norway contracted markedly to kg, dropping by -% against the previous year's figure. In general, consumption continues to indicate a abrupt curtailment. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the articles of gut market in Norway dropped remarkably to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, the amount of articles of gut, goldbeater’s skin, bladders or tendons consumed in Norway contracted markedly to kg, dropping by -% against the previous year's figure. In general, consumption continues to indicate a abrupt curtailment. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the articles of gut market in Norway dropped remarkably to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for articles of gut in Norway, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to kg by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Articles of gut market in Norway consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Norway relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Norway imports of in the articles of gut market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Norway imports of in the articles of gut market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Norway remains a net importer of articles of gut; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of kg, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of kg, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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