Cotton Lint Market in Norway
Market Overview
In 
, the Norwegian cotton lint market decreased by -% to $, falling for the fifth consecutive year after seven years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption failed to regain momentum.
, the Norwegian cotton lint market decreased by -% to $, falling for the fifth consecutive year after seven years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to , consumption failed to regain momentum.Consumption
For the third consecutive year, Norway recorded decline in consumption of cotton lint, which decreased by -% to tons in . Over the period under review, consumption, however, saw slight growth. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption remained at a lower figure.
The revenue of the cotton lint market in Norway declined remarkably to $ in , shrinking 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). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to , consumption remained at a lower figure.
% to tons in . Over the period under review, consumption, however, saw slight growth. Over the period under review, consumption hit record highs at tons in 2017; however, from 2018 to , consumption remained at a lower figure.The revenue of the cotton lint market in Norway declined remarkably to $
in , shrinking 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). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for cotton lint in Norway, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Cotton lint market in Norway consists almost entirely of imported products. 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 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 importer of cotton lint; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, 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 tons, 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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