Belgium: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Belgium

The Belgian bedding and furnishing article market expanded rapidly to $X in 2021, surging by 14% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.3% against 2015 indices. Bedding and furnishing article consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Belgium

In value terms, bedding and furnishing article production reduced to $X in 2021 estimated in export price. In general, production showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 10%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Belgium

In 2021, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 28% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 147%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2021. In general, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 96% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of bedding and furnishing article exports from Belgium, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +15.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bedding and furnishing article exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined 70% share of total exports.

Germany, with a CAGR of +10.5%, 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 2021, the average bedding and furnishing article export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Belgium

Bedding and furnishing article imports into Belgium surged to X tons in 2021, picking up by 15% compared with the previous year's figure. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of bedding and furnishing article imports to Belgium, together accounting for 68% of total imports. Germany, France, Romania, Poland, Croatia, Bulgaria, Denmark, Turkey, Estonia and Pakistan lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bedding and furnishing article suppliers to Belgium were China ($X), the Netherlands ($X) and India ($X), with a combined 61% share of total imports. Germany, France, Poland, Romania, Bulgaria, Croatia, Denmark, Turkey, Estonia and Pakistan lagged somewhat behind, together accounting for a further 30%.

Turkey, with a CAGR of +16.0%, 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 2021, the average bedding and furnishing article import price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, showed a mild setback. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform