China/Glassware Store Industry in Skien: A Comprehensive Analysis

Industry Overview

The china/glassware store industry in Skien is a small but active sector with two registered companies. In recent years, the industry has been marked by fluctuations in sales and number of employees, with a decline in both revenue and number of employees since 2020. The industry's EBITDA margin stands at 2%, indicating a relatively low profit margin. There are no registered bankruptcies in the industry, suggesting a stable, but not without challenges, sector.

SmartGrunder can help entrepreneurs find suitable addresses in Skien for this industry, based on natural conditions and local trends.

Sales and Employee Development:

• Sales: The industry reached a peak in 2020 with NOK 26.1 million, but has since declined, with NOK 11.3 million in 2025. The most significant decline was recorded between 2024 and 2025 (-31.6%).
• Employees: The number of employees has varied between 11 and 22, with a decline from 22 in 2021 to 11 in 2026. The largest decline was recorded between 2021 and 2022 (-22.7%).

Key Financial Indicators:

• The industry's EBITDA margin stands at 2%, indicating a relatively low profit margin.
• The gross margin is extremely high at 2861%, suggesting that costs for goods and services are very low compared to sales.
• There are no registered bankruptcies in the industry, suggesting a stable sector, despite fluctuations in sales and employees.

In Skien, there are two companies registered in the china/glassware store industry:

1. Kitch'n Herkules (Ulefossvegen 32, Skien)

• Organizational form: AS
• Number of employees: 8
• Sales: NOK 15.9 million
• EBITDA: NOK 1.3 million
• EBITDA margin: 7%
• Bankrupt: No

1. As Christiania Glasmagasin Avd Skien (Ulefossvegen 32, Skien)

• Organizational form: AS
• Number of employees: 5
• Sales: NOK 6.4 million
• EBITDA: NOK -684.5 thousand
• EBITDA margin: -10%
• Bankrupt: No

Organizational Form:

• Both companies are registered as AS (limited liability company), which is common for small and medium-sized companies in Norway.

All companies in the china/glassware store industry in Skien are located in Skien. There are two companies registered in the municipality, and both are located at Ulefossvegen 32, Skien. This shows a clear concentration of activity at a single address in the municipality.

There are no registered companies in other districts or areas of Skien in this industry.

Bankruptcy Statistics:

• There are no registered bankruptcies in the china/glassware store industry in Skien, suggesting a stable sector.

Sales Development:

• The industry experienced strong growth in 2018 (+43.3%), but has since been marked by declining sales, especially from 2024 to 2025 (-31.6%).

Employee Development:

• The number of employees has been declining since 2020, with a decline from 22 to 11 over five years. The most significant decline was recorded between 2021 and 2022 (-22.7%).

EBITDA:

• EBITDA has varied significantly, with a positive value for Kitch'n Herkules (NOK 1.3 million) and a negative value for As Christiania Glasmagasin Avd Skien (NOK -684.5 thousand). This shows significant variations in operating results between the companies.

Outlook for Entrepreneurs

For entrepreneurs considering starting a business activity in the china/glassware store industry in Skien, it is important to be aware of the developments in recent years. The industry has been marked by a significant decline in sales and number of employees since 2020, which may indicate weaker demand or increased competitive pressure.

Possible Challenges:

• A low EBITDA margin (2%) indicates a relatively low profit margin, which can be a challenge for new companies.
• A decline in sales and number of employees may indicate weaker demand or increased competitive pressure.

Possible Opportunities:

• There are no bankruptcies in the industry, suggesting a stable sector.
• It may be possible to utilize existing infrastructure and location in Skien, especially on Ulefossvegen 32, where there are already two companies in the industry.

Recommendation:

• Entrepreneurs should consider diversifying the product portfolio or focusing on cost control to improve the EBITDA margin.
• It may be beneficial to collaborate with existing companies in the industry to share resources and strengthen market position.

The conference center sector in Skien is a much larger and more diversified industry compared to the china/glassware store industry. There are 77 companies registered in the conference center sector in the municipality, compared to only 2 companies in the china/glassware store industry.

Sales and Employee Development:

• Sales: The conference center sector experienced strong growth in 2020 (+16.6%), but has since declined, with a decline from NOK 982.5 million in 2021 to NOK 611.8 million in 2025.
• Employees: The number of employees has been declining since 2016, with a decline from 432 to 365 over five years.

Peer Companies:

• The conference center sector includes companies from various sub-sectors, such as garden supplies, building materials, furniture stores, and mixed household goods. This shows a broader variation in business models and customer relationships compared to the china/glassware store industry.

Conclusion:

• The conference center sector has a much larger market share and more stable development compared to the china/glassware store industry. This can be an important factor for entrepreneurs considering starting a business activity in Skien, especially if they seek to leverage a more stable and diversified sector.

The china/glassware store industry in Skien is a small but active sector with two registered companies. In recent years, the industry has been marked by fluctuations in sales and number of employees, with a decline in both revenue and number of employees since 2020. The industry's EBITDA margin stands at 2%, indicating a relatively low profit margin. There are no registered bankruptcies in the industry, suggesting a stable, but not without challenges, sector.

For entrepreneurs considering starting a business activity in this industry, it is important to be aware of the developments in recent years. It may be beneficial to collaborate with existing companies in the industry to share resources and strengthen market position. SmartGrunder can help entrepreneurs find suitable addresses in Skien for this industry, based on natural conditions and local trends.