Raw Silk Market in Norway
Market Overview
The Norwegian raw silk market dropped remarkably 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, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a lower figure.
In value terms, raw silk production declined to $ in estimated in export price. In general, production, however, posted a notable expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2019; however, from to , production 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, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a lower figure.In value terms, raw silk production declined to $
in estimated in export price. In general, production, however, posted a notable expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2019; however, from to , production remained at a lower figure.Consumption
In , raw silk consumption in Norway shrank notably to kg, reducing by -% against the previous year. Overall, consumption, however, saw a tangible expansion. As a result, consumption attained the peak volume of kg. From 2009 to , the growth of the consumption remained at a somewhat lower figure.
The value of the raw silk market in Norway shrank remarkably to $ in , with a decrease of -% 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, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market failed to regain momentum.
, raw silk consumption in Norway shrank notably to kg, reducing by -% against the previous year. Overall, consumption, however, saw a tangible expansion. As a result, consumption attained the peak volume of kg. From 2009 to , the growth of the consumption remained at a somewhat lower figure.The value of the raw silk market in Norway shrank remarkably to $
in , with a decrease of -% 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, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market failed to regain momentum.Market Forecast
The raw silk market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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
Raw silk market in Norway remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. 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. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
, the share of imports in total consumption was % in value terms and % in physical terms. 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. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
Norway remains a net exporter of raw silk; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of kg, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of kg, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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