EU: Woolen Fabric Market 2024

Woolen Fabric Market Size in the EU

After two years of growth, the EU woolen fabric market decreased by X% to $X in 2023. In general, consumption saw a pronounced decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Woolen Fabric Production in the EU

In value terms, woolen fabric production dropped to $X in 2023 estimated in export price. In general, production showed a noticeable decline. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

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Woolen Fabric Exports

Exports in the EU

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 continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports skyrocketed to $X in 2023. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Italy prevails in exports structure, accounting for X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Germany (X square meters), the Czech Republic (X square meters) and Spain (X square meters), together committing a X% share of total exports. Portugal (X square meters), Romania (X square meters) and France (X square meters) followed a long way behind the leaders.

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 the European Union, with a CAGR of X% from 2012-2023. Portugal and the Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Italy, Spain and Romania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Italy, woolen fabric exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the Czech Republic (X% per year).

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 from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained 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 France ($X per square meter), while Spain ($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 France (X%), while the other leaders experienced more modest paces of growth.

Woolen Fabric Imports

Imports in the EU

In 2023, purchases abroad of woven woolen fabrics increased by X% to X square meters, rising for the second consecutive year after eight years of decline. Over the period under review, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X square meters. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, woolen fabric imports soared to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Italy (X square meters), Germany (X square meters), Spain (X square meters), Romania (X square meters), France (X square meters), Portugal (X square meters), Bulgaria (X square meters), Poland (X square meters), Denmark (X square meters), Lithuania (X square meters), the Netherlands (X square meters) and the Czech Republic (X square meters) was the largest importer of woven woolen fabrics in the European Union, creating X% of total import.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, jumping by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price 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. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

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 France ($X per square meter), while Italy ($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