Europe: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Europe

In 2023, after two years of growth, there was significant decline in the Europe non-cotton terry towelling market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

Non-Cotton Terry Towelling Production in Europe

In value terms, non-cotton terry towelling production fell to $X in 2023 estimated in export price. The total production indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports in Europe

In 2023, overseas shipments of terry towelling (excluding of cotton) increased by X% to X square meters, rising for the fifth year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, non-cotton terry towelling exports soared to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Belgium (X square meters) was the key exporter of terry towelling (excluding of cotton), mixing up X% of total exports. Italy (X square meters) held the second position in the ranking, followed by the UK (X square meters), the Netherlands (X square meters) and Spain (X square meters). All these countries together held near X% share of total exports. France (X square meters) and Germany (X square meters) held a little 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, Italy (X%), Spain (X%), the UK (X%), France (X%) and the Netherlands (X%) displayed positive paces of growth. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Italy, the UK, Spain, the Netherlands and France increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the largest non-cotton terry towelling supplying countries in Europe were Italy ($X), Belgium ($X) and the UK ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per square meter in 2023, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per square meter), while Belgium ($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 Germany (X%), while the other leaders experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports in Europe

In 2023, purchases abroad of terry towelling (excluding of cotton) decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters, and then fell slightly in the following year.

In value terms, non-cotton terry towelling imports dropped markedly to $X in 2023. In general, imports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

Hungary dominates imports structure, amounting to X square meters, which was near X% of total imports in 2023. It was distantly followed by the UK (X square meters), creating a X% share of total imports. The following importers - Belgium (X square meters), Serbia (X square meters), France (X square meters), Croatia (X square meters) and Ireland (X square meters) - together made up X% of total imports.

Imports into Hungary increased at an average annual rate of X% from 2012 to 2023. At the same time, Croatia (X%), Belgium (X%), the UK (X%), Serbia (X%) and France (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Ireland (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), the UK (X p.p.), Belgium (X p.p.) and Croatia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ireland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) constitutes the largest market for imported terry towelling (excluding of cotton) in Europe, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

In Hungary, non-cotton terry towelling imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in Europe stood at $X per square meter in 2023, falling by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per square meter), while Croatia ($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 Belgium (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform