India eyes bigger share in Norwegian apparel & textile imports

The Nordic nation imported apparel worth $91.987 million from January to October 2024, which accounted for 4.52 per cent of its total apparel imports of $2.033 billion in the same period. India was the fifth-largest supplier after China, Bangladesh, Turkiye, and Vietnam, whose combined share exceeded 65 per cent during the period. Norway’s total apparel imports increased from $1.975 billion in January-October 2023, but its imports from India slowed down in the first ten months of the current year from the inbound shipment of $95.983 million in the corresponding period of the last year. India also slipped to fifth place this year from fourth position in January-October 2023, according to Fibre2Fashion's market insight tool TexPro.

The north European country’s apparel imports stood at $2.326 billion in 2023, out of which the import from India was noted at $109.248 million. Earlier, the inbound shipment from India was valued at $112.120 million in 2022 and $97.571 million in 2021.

India secured a place in Norway’s home textiles imports as the second-largest supplier, with a market share of 13.66 per cent of its total imports of home textiles. The country’s import of home textiles from India was $54.868 million in January-October when its total imports were noted at $401.590 million. Norway’s imports of home textiles were valued at $400.717 million, and the imports from India at $50.615 million in January-October 2023, as per TexPro.

Meanwhile, the country’s imports of home textiles totalled $466.609 million in 2023, when its import from India was $59.275 million (12.70 per cent). Norway had imported home textiles worth $562.881 million in 2022 and $674.828 million in 2021. Its imports from India were valued at $70.303 million and $71.984 million respectively.

Fibre2Fashion News Desk (KUL)