Eastern Europe: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Eastern Europe

In 2022, the East European tufted textile fabric market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Tufted Textile Fabric Production in Eastern Europe

In value terms, tufted textile fabric production fell dramatically to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tufted Textile Fabric Exports

Exports in Eastern Europe

For the sixth consecutive year, Eastern Europe recorded decline in shipments abroad of tufted textile fabrics, which decreased by X% to X square meters in 2022. Over the period under review, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, tufted textile fabric exports reduced dramatically to $X in 2022. In general, exports saw a sharp reduction. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Slovakia (X square meters) represented the main exporter of tufted textile fabrics, constituting X% of total exports. Poland (X square meters) ranks second in terms of the total exports with an X% share, followed by the Czech Republic (X%). The following exporters - Belarus (X square meters) and Russia (X square meters) - together made up X% of total exports.

Exports from Slovakia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), the Czech Republic (X p.p.), Belarus (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Slovakia (X p.p.) displayed negative dynamics.

In value terms, Slovakia ($X) remains the largest tufted textile fabric supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Slovakia amounted to X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per square meter, growing by X% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per square meter), while Belarus ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Tufted Textile Fabric Imports

Imports in Eastern Europe

In 2022, purchases abroad of tufted textile fabrics was finally on the rise to reach X square meters after five years of decline. Overall, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, tufted textile fabric imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia represented the major importer of tufted textile fabrics in Eastern Europe, with the volume of imports reaching X square meters, which was approx. X% of total imports in 2022. It was distantly followed by Poland (X square meters), constituting a X% share of total imports. Romania (X square meters), Ukraine (X square meters) and the Czech Republic (X square meters) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tufted textile fabric imports into Russia stood at X%. At the same time, Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per square meter, rising by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tufted textile fabric import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per square meter), while Ukraine ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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