Germany: Cotton Fabric Market 2024

Cotton Fabric Market Size in Germany

After three years of growth, the German cotton fabric market decreased by X% to $X in 2023. Overall, consumption continues to indicate a noticeable slump. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Cotton Fabric Production in Germany

In value terms, cotton fabric production rose markedly to $X in 2023 estimated in export price. Overall, production, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Cotton fabric production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Cotton Fabric Exports

Exports from Germany

In 2023, the amount of woven fabrics of cotton exported from Germany reduced remarkably to X square meters, dropping by X% against 2022 figures. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X square meters in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, cotton fabric exports contracted slightly to $X in 2023. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X square meters) was the main destination for cotton fabric exports from Germany, accounting for a X% share of total exports. Moreover, cotton fabric exports to Austria exceeded the volume sent to the second major destination, Poland (X square meters), threefold. The third position in this ranking was taken by the Czech Republic (X square meters), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Austria ($X) remains the key foreign market for woven fabrics of cotton exports from Germany, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Romania (X% per year).

Export Prices by Country

In 2023, the average cotton fabric export price amounted to $X per square meter, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Tunisia ($X per square meter), while the average price for exports to Poland ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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.

Cotton Fabric Imports

Imports into Germany

In 2023, purchases abroad of woven fabrics of cotton decreased by X% to X square meters, falling for the ninth year in a row after three years of growth. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X square meters in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports dropped remarkably to $X in 2023. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Pakistan (X square meters) constituted the largest cotton fabric supplier to Germany, accounting for a X% share of total imports. Moreover, cotton fabric imports from Pakistan exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), twofold. China (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Pakistan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, Pakistan ($X), the Netherlands ($X) and Italy ($X) were the largest cotton fabric suppliers to Germany, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2023, the average cotton fabric import price amounted to $X per square meter, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per square meter), while the price for Pakistan ($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 Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform