Benelux: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Benelux

In 2023, the Benelux non-cotton terry towelling market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Non-Cotton Terry Towelling Production in Benelux

In value terms, non-cotton terry towelling production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports in Benelux

For the fourth consecutive year, Benelux recorded growth in overseas shipments of terry towelling (excluding of cotton), which increased by X% to X square meters in 2023. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, non-cotton terry towelling exports skyrocketed to $X in 2023. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

Belgium represented the largest exporter of terry towelling (excluding of cotton) in Benelux, with the volume of exports accounting for X square meters, which was approx. X% of total exports in 2023. It was distantly followed by the Netherlands (X square meters), achieving a X% share of total exports.

Belgium was also the fastest-growing in terms of the terry towelling (excluding of cotton) exports, with a CAGR of X% from 2012 to 2023. At the same time, the Netherlands (X%) displayed positive paces of growth. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2023.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per square meter in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while Belgium amounted to $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Non-Cotton Terry Towelling Imports

Imports in Benelux

In 2023, imports of terry towelling (excluding of cotton) in Benelux surged to X square meters, rising by X% on 2022 figures. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, non-cotton terry towelling imports surged to $X in 2023. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Belgium (X square meters) represented the largest importer of terry towelling (excluding of cotton), mixing up X% of total imports. It was distantly followed by the Netherlands (X square meters), comprising a X% share of total imports. Luxembourg (X square meters) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the terry towelling (excluding of cotton) imports, with a CAGR of X% from 2012 to 2023. At the same time, Luxembourg (X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. While the share of Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Luxembourg (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported terry towelling (excluding of cotton) in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Belgium stood at X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per square meter, growing by X% against the previous year. Import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, non-cotton terry towelling import price increased by X% against 2021 indices. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while Luxembourg ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform