United Kingdom: Textile Wadding Market 2024

Textile Wadding Market Size in the UK

After three years of growth, the UK textile wadding market decreased by X% to $X in 2022. Over the period under review, consumption recorded a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Textile Wadding Production in the UK

In value terms, textile wadding production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Textile Wadding Exports

Exports from the UK

In 2022, textile wadding exports from the UK surged to X tons, with an increase of X% compared with the previous year. Overall, exports continue to indicate a slight increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, textile wadding exports expanded notably to $X in 2022. Over the period under review, exports, however, recorded a mild downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of textile wadding exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile wadding exported from the UK were the Netherlands ($X), Japan ($X) and Germany ($X), together comprising X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into the UK

In 2022, the amount of wadding of textile materials and articles thereof imported into the UK rose significantly to X tons, with an increase of X% compared with 2021. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, textile wadding imports reached $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Germany (X tons) were the main suppliers of textile wadding imports to the UK, together accounting for X% of total imports. Turkey, Austria, Italy, India, the Netherlands, Bulgaria, Hungary, Poland, Greece and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile wadding suppliers to the UK were Austria ($X), Italy ($X) and China ($X), together accounting for X% of total imports. Turkey, Hungary, the Netherlands, Germany, India, France, Bulgaria, Poland, Greece and Portugal lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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