Austria: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Austria

The Austrian pile and chenille fabric market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a abrupt shrinkage. Pile and chenille fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Austria

In value terms, pile and chenille fabric production amounted to $X in 2021 estimated in export price. Overall, production showed a sharp descent. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Pile and chenille fabric production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Austria

In 2021, approx. X tons of woven pile fabrics and chenille fabrics were exported from Austria; falling by -7.6% against the year before. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 4.1%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, pile and chenille fabric exports reduced to $X in 2021. Overall, exports faced a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 5.1%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for pile and chenille fabric exports from Austria, accounting for a 52% share of total exports. Moreover, pile and chenille fabric exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+40.6% per year) and Poland (-25.3% per year).

In value terms, Germany ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Austria, comprising 56% of total exports. The second position in the ranking was taken by Italy ($X), with an 8.8% share of total exports. It was followed by Poland, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-19.1% per year) and Poland (-25.1% per year).

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, picking up by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 13% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Austria

In 2021, purchases abroad of woven pile fabrics and chenille fabrics decreased by -8.3% to X tons, falling for the second year in a row after eight years of growth. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 14%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, pile and chenille fabric imports fell modestly to $X in 2021. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 8.5% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and Spain (X tons) were the main suppliers of pile and chenille fabric imports to Austria, together comprising 60% of total imports. These countries were followed by Portugal, Italy, Turkey, Slovenia, China, the Czech Republic and the UK, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +26.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest pile and chenille fabric suppliers to Austria were Germany ($X), Spain ($X) and Italy ($X), with a combined 56% share of total imports. These countries were followed by Belgium, Portugal, Turkey, Slovenia, China, the UK and the Czech Republic, which together accounted for a further 33%.

In terms of the main suppliers, Slovenia, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average pile and chenille fabric import price amounted to $X per ton, with an increase of 6.8% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pile and chenille fabric import price increased by +106.0% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 93% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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