Europe: Woolen Fabric Market 2024

Woolen Fabric Market Size in Europe

The Europe woolen fabric market shrank to $X in 2023, falling by X% against the previous year. In general, consumption saw a noticeable decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Woolen Fabric Production in Europe

In value terms, woolen fabric production shrank to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Woolen Fabric Exports

Exports in Europe

In 2023, after two years of growth, there was decline in shipments abroad of woven woolen fabrics, when their volume decreased by X% to X square meters. Over the period under review, exports saw a perceptible curtailment. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, woolen fabric exports surged to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Italy prevails in exports structure, resulting at X square meters, which was approx. X% of total exports in 2023. The UK (X square meters) held the second position in the ranking, followed by Germany (X square meters), the Czech Republic (X square meters) and Spain (X square meters). All these countries together held approx. X% share of total exports. The following exporters - Portugal (X square meters) and Romania (X square meters) - each reached a X% share of total exports.

Exports from Italy decreased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%) and Spain (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Portugal, the Czech Republic and the UK experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Spain (X p.p.), Romania (X p.p.) and the UK (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Italy was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

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 period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Woolen Fabric Imports

Imports in Europe

In 2023, supplies from abroad of woven woolen fabrics increased by X% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid 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 2023, the growth of imports failed to regain momentum.

In value terms, woolen fabric imports surged to $X in 2023. In general, imports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2022 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of woven woolen fabrics, namely Italy, Germany, Spain, Romania, France, Portugal, Bulgaria, the UK, Poland, Russia, Denmark and Lithuania, represented more than two-thirds of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Italy ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, France, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in Europe amounted to $X per square meter, rising by X% against the previous year. Import price indicated a perceptible increase 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, woolen fabric import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

Source: IndexBox Platform