EU - Woven Fabrics Of Cotton - Market Analysis, Forecast, Size, Trends and Insights
Сotton Fabric Market - The EU Became a Net Importer of Cotton Fabrics
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Total imports on the cotton fabric market in the EU Member States flattened over the last three years, after a weak attempt for a post-crisis recovery. Meanwhile, exports declined steadily over the same period. As a result, the EU became a net importer of cotton fabrics for the first time over the last X years. Moreover, extra-EU imports became almost equal to the intra-EU imports over the recent years, driving the supply of imported cotton fabrics, particularly from Pakistan, Turkey, and China, to dominate the European market.
Total imports of cotton fabrics by the EU Member States stood stable over the last four years, amounting to X million EUR in 2015. Data on the EU trade with non-EU countries shows that the EU remained a net exporter of cotton fabrics, with the trade surplus shrinking from X million EUR in 2007 to X million EUR in 2014. In the last year, however, that surplus not only disappeared, but also turned into a trade deficit of X million EUR, driven by a consistent decline of exports.
Italy (X%), Germany (X%), Romania (X%), and Spain (X%) were the largest importers of cotton fabrics among the Member States, together comprising about X% of total EU imports. Germany's (+X percentage points) share increased from 2007 to 2015, while the shares of the other leading importing countries remained relatively stable.
From 2007 to 2008, intra-EU trade accounted for the major share of imports. However, the share of extra-EU imports became almost equal to the intra-EU imports in the recent years, accounting for about X% of total import value in 2015. That year, extra-EU imports of cotton fabrics reached X million EUR, which was X% higher than the year before.
By 2010, the share of extra-EU imports in the apparent consumption increased steadily to nearly X%. Over the next five years, it seesawed near that level, amounting to X% in 2015. Deliveries of imported cotton fabrics, particularly from Pakistan, Turkey, and China, continue to firmly dominate the European market. This trend is expected to continue in the next few years.
Cotton fabrics weighing less than X g/sq.m held the largest share of the extra-EU imports, amounting to X million EUR (X%) in 2015. Imports of that product remained relatively stable from 2007 to 2015. Cotton fabrics, density over X g/sq.m (excluding colored yarns) ranked second, with a X% share of the extra-EU imports, followed by cotton fabrics of yarns of different colors (excluding denim), which accounted for a X% share. Most product categories showed a decrease in the value of imports from 2007 to 2015, with the exception of cotton fabrics, density over X g/sq.m (excluding colored yarns), which was the only growing category with rates of approximately +X% per year.
Do you want to know more about the EU cotton fabric market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cotton fabric market share
- cotton fabric prices
- cotton fabric industry
- cotton fabric sales
- cotton fabric market forecast
- cotton fabric price forecast
- key cotton fabric producers
Source: IndexBox AI Platform
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