Europe: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Europe

In 2022, the Europe tufted textile fabric market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tufted Textile Fabric Production in Europe

In value terms, tufted textile fabric production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tufted Textile Fabric Exports

Exports in Europe

For the fourth year in a row, 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 abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached 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 dropped to $X in 2022. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X square meters) was the major exporter of tufted textile fabrics, mixing up X% of total exports. It was distantly followed by the Netherlands (X square meters), committing a X% share of total exports. The following exporters - the UK (X square meters), Slovakia (X square meters) and France (X square meters) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to tufted textile fabric exports from Belgium stood at X%. At the same time, France (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, the UK (X%), the Netherlands (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), the UK (X p.p.) and France (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (X p.p.) and Slovakia (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest tufted textile fabric supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belgium amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per square meter, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

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 France ($X per square meter), while Belgium ($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 Slovakia (X%), while the other leaders experienced more modest paces of growth.

Tufted Textile Fabric Imports

Imports in Europe

In 2022, overseas purchases of tufted textile fabrics increased by X% to X square meters, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, tufted textile fabric imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of tufted textile fabric imports in 2022 were the UK (X square meters), Russia (X square meters) and France (X square meters), together amounting to X% of total import. Belgium (X square meters) ranks next in terms of the total imports with a X% share, followed by the Netherlands (X%) and Poland (X%). Finland (X square meters) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tufted textile fabric importing markets in Europe were the UK ($X), Russia ($X) and France ($X), together accounting for X% of total imports. Poland, the Netherlands, Belgium and Finland lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per square meter, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per square meter), while Belgium ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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