EU: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in the EU

In 2023, the EU tufted textile fabric market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a mild 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Tufted Textile Fabric Production in the EU

In value terms, tufted textile fabric production expanded notably to $X in 2023 estimated in export price. Over the period under review, production showed a perceptible decrease. 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 2023, production failed to regain momentum.

Tufted Textile Fabric Exports

Exports in the EU

After two years of growth, shipments abroad of tufted textile fabrics decreased by X% to X square meters in 2023. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, tufted textile fabric exports declined slightly to $X in 2023. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Belgium was the major exporting country with an export of about X square meters, which recorded X% of total exports. It was distantly followed by the Netherlands (X square meters), committing an X% share of total exports. The Czech Republic (X square meters) and Latvia (X square meters) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to tufted textile fabric exports from Belgium stood at X%. At the same time, Latvia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Latvia and the Czech Republic increased by X, X and X percentage points, respectively.

In value terms, Belgium ($X), the Netherlands ($X) and Latvia ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Latvia, 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 a decline in the exports figures.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while the Czech Republic ($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 a decline in the export price figures.

Tufted Textile Fabric Imports

Imports in the EU

In 2023, overseas purchases of tufted textile fabrics increased by X% to X square meters, rising for the third consecutive year after three years of decline. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, tufted textile fabric imports soared to $X in 2023. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Belgium (X square meters) was the major importer of tufted textile fabrics, mixing up X% of total imports. The Netherlands (X square meters) took the second position in the ranking, followed by France (X square meters). All these countries together took approx. X% share of total imports. Poland (X square meters), Latvia (X square meters), Portugal (X square meters) and Italy (X square meters) followed a long way behind the leaders.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Poland (X%), Portugal (X%), France (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), France (X p.p.), Poland (X p.p.), Latvia (X p.p.) and Portugal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Netherlands (X p.p.) and Italy (X p.p.) displayed negative dynamics.

In value terms, Poland ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Belgium, Latvia, Portugal and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Latvia, 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

The import price in the European Union stood at $X per square meter in 2023, reducing by X% against the previous year. In general, the import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2014 when the import price increased by X%. The level of import peaked at $X per square meter in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 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