Belgium: Textile Wadding Market 2024

Textile Wadding Market Size in Belgium

After two years of growth, the Belgian textile wadding market decreased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Textile Wadding Production in Belgium

In value terms, textile wadding production rose to $X in 2022 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 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Textile Wadding Exports

Exports from Belgium

In 2022, the amount of wadding of textile materials and articles thereof exported from Belgium rose significantly to X tons, growing by X% against the previous year's figure. Overall, exports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, textile wadding exports shrank to $X in 2022. In general, exports recorded a modest increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

France (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of textile wadding exports from Belgium, together comprising X% of total exports.

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

In value terms, the UK ($X), France ($X) and Germany ($X) were the largest markets for textile wadding exported from Belgium worldwide, with a combined X% share of total exports.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

The average textile wadding export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to France ($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 Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of wadding of textile materials and articles thereof, which increased by X% to X tons in 2022. In general, total imports indicated measured 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 increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, textile wadding imports contracted modestly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of textile wadding imports to Belgium, together comprising X% of total imports. Germany, India, the United States, Poland and Japan lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), China ($X) and the United States ($X) were the largest textile wadding suppliers to Belgium, with a combined X% share of total imports. Germany, India, the Netherlands, Poland and Japan lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average textile wadding import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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