Eastern Europe: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Eastern Europe

After two years of growth, the East European non-cotton terry towelling market decreased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Non-Cotton Terry Towelling Production in Eastern Europe

In value terms, non-cotton terry towelling production stood at $X in 2023 estimated in export price. Overall, production continues to indicate a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Non-Cotton Terry Towelling Exports

Exports in Eastern Europe

In 2023, the amount of terry towelling (excluding of cotton) exported in Eastern Europe shrank significantly to X square meters, declining by X% on 2022 figures. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X square meters in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-cotton terry towelling exports rose notably to $X in 2023. In general, exports continue to indicate a slight downturn. The growth pace was the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Lithuania (X square meters), distantly followed by Hungary (X square meters), Latvia (X square meters), Slovakia (X square meters) and Estonia (X square meters) were the largest exporters of terry towelling (excluding of cotton), together committing X% of total exports. The following exporters - Poland (X square meters) and Russia (X square meters) - each resulted at an X% share of total exports.

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

In value terms, Lithuania ($X) remains the largest non-cotton terry towelling supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Lithuania totaled X%. In the other countries, the average annual rates were as follows: Latvia (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per square meter), while Estonia ($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 Poland (X%), while the other leaders experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports in Eastern Europe

In 2023, purchases abroad of terry towelling (excluding of cotton) decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X square meters, and then contracted in the following year.

In value terms, non-cotton terry towelling imports shrank markedly to $X in 2023. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Hungary dominates imports structure, resulting at X square meters, which was approx. X% of total imports in 2023. Russia (X square meters) held a relatively small share of total imports.

Hungary was also the fastest-growing in terms of the terry towelling (excluding of cotton) imports, with a CAGR of X% from 2012 to 2023. Russia (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Hungary ($X) constitutes the largest market for imported terry towelling (excluding of cotton) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

In Hungary, non-cotton terry towelling imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per square meter), while Hungary totaled $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform