Wool Market Overview in Norway
In value terms, wool production rose notably to $ in estimated in export prices. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. Over the period under review, production attained the maximum level in and is expected to retain growth in years to come.
The revenue of the wool market in Norway skyrocketed to $ in , growing 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, the total consumption indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.