Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibre in Norway
Market Overview
The Norwegian market for coconut, abaca, ramie and other vegetable textile fibres expanded sharply to $
in , increasing 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 enjoyed prominent growth. Over the period under review, the market reached the maximum level in and is likely to continue growth in the near future.
in , increasing 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 enjoyed prominent growth. Over the period under review, the market reached the maximum level in and is likely to continue growth in the near future.Consumption
In , consumption of coconut, abaca, ramie and other vegetable textile fibres in Norway reached tons, growing by % on the year before. Overall, consumption saw a resilient increase. As a result, consumption reached the peak volume of tons. From 2013 to , the growth of the consumption of failed to regain momentum.
The value of the market for coconut, abaca, ramie and other vegetable textile fibres in Norway rose markedly to $ in , surging 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 prominent growth. Over the period under review, the market attained the peak level in and is likely to continue growth in years to come.
, consumption of coconut, abaca, ramie and other vegetable textile fibres in Norway reached tons, growing by % on the year before. Overall, consumption saw a resilient increase. As a result, consumption reached the peak volume of tons. From 2013 to , the growth of the consumption of failed to regain momentum.The value of the market for coconut, abaca, ramie and other vegetable textile fibres in Norway rose markedly to $
in , surging 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 prominent growth. Over the period under review, the market attained the peak level in and is likely to continue growth in years to come.Market Forecast
The market for coconut, abaca, ramie and other vegetable textile fibre is expected to start a downward consumption trend over the next eight-year period. 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 tons 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 tons 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
Coconut, abaca, ramie and other vegetable textile fibre 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 coconut, abaca, ramie and other vegetable textile fibre; 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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