Hemp Tow Market in Norway
Market Overview
The Norwegian hemp tow market reduced notably to $
in , which is down 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 showed a abrupt shrinkage. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market failed to regain momentum.
in , which is down 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 showed a abrupt shrinkage. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market failed to regain momentum.Consumption
In , the amount of hemp tow consumed in Norway shrank rapidly to tons, dropping by -% compared with the year before. In general, consumption recorded a deep contraction. As a result, consumption reached the peak volume of tons. From 2011 to , the growth of the consumption remained at a somewhat lower figure.
The revenue of the hemp tow market in Norway shrank sharply to $ in , dropping 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). Overall, consumption showed a deep slump. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market remained at a lower figure.
, the amount of hemp tow consumed in Norway shrank rapidly to tons, dropping by -% compared with the year before. In general, consumption recorded a deep contraction. As a result, consumption reached the peak volume of tons. From 2011 to , the growth of the consumption remained at a somewhat lower figure.The revenue of the hemp tow market in Norway shrank sharply to $
in , dropping 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). Overall, consumption showed a deep slump. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for hemp tow in Norway, the market is expected to continue its downward consumption trend over the next eight-year period. 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
Hemp tow 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 hemp tow; 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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