EU: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in the EU

In 2023, the EU narrow woven fabric market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Production in the EU

In value terms, narrow woven fabric production stood at $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports in the EU

In 2023, narrow woven fabric exports in the European Union contracted to X tons, falling by X% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, narrow woven fabric exports reached $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, Germany (X tons), distantly followed by Italy (X tons), Spain (X tons), France (X tons), Romania (X tons), Belgium (X tons), Slovakia (X tons) and Portugal (X tons) represented the major exporters of narrow woven fabrics, together comprising X% of total exports. The Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, the largest narrow woven fabric supplying countries in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined X% share of total exports. Spain, Belgium, Romania, Portugal, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Portugal, with a CAGR of X%, saw the highest growth rate of 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 the European Union stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. 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 ($X per ton), while Slovakia ($X per ton) 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 more modest paces of growth.

Narrow Woven Fabric Imports

Imports in the EU

In 2023, supplies from abroad of narrow woven fabrics increased by X% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, narrow woven fabric imports reduced to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

Belgium (X tons), France (X tons), Poland (X tons), Germany (X tons), Spain (X tons), Italy (X tons), the Czech Republic (X tons) and Romania (X tons) represented roughly X% of total imports in 2023. Hungary (X tons), the Netherlands (X tons), Portugal (X tons), Sweden (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

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

In value terms, the largest narrow woven fabric importing markets in the European Union were Germany ($X), Romania ($X) and Italy ($X), with a combined X% share of total imports. France, Poland, the Czech Republic, Spain, Portugal, Hungary, the Netherlands, Belgium, Bulgaria and Sweden lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Czech Republic, 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 the European Union amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Portugal ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform