Belgium: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Belgium

In 2021, the Belgian market for braids in the piece, tassels and pompons, ornamental trimmings increased by X% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Belgium

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings surged to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from Belgium

In 2021, after two years of growth, there was significant decline in overseas shipments of braids in the piece, tassels and pompons, ornamental trimmings, when their volume decreased by -X% to X tons. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings dropped modestly to $X in 2021. Over the period under review, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of braids in piece, tassels and pompons, ornamental trimmings hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Germany (X tons) and France (X tons) were the main destinations of exports of braids in the piece, tassels and pompons, ornamental trimmings from Belgium, together comprising X% of total exports. These countries were followed by Tunisia, the Netherlands, the United States and Hungary, which together accounted for a further X 2012 to 2021, the biggest increases were in Hungary (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) constituted the largest markets for braids, tassels, pompons and ornamental trimmings exported from Belgium worldwide, together comprising X% of total exports. Tunisia, the United States, the Netherlands and Hungary lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw 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 export price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into Belgium

After four years of growth, purchases abroad of braids in the piece, tassels and pompons, ornamental trimmings decreased by -X% to X tons in 2021. Overall, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings declined to $X in 2021. In general, imports showed a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of braids, tassels, pompons and ornamental trimmings to Belgium, with a X% share of total imports. Moreover, imports of braids in the piece, tassels and pompons, ornamental trimmings from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and India (+X% per year).

In value terms, the largest braids, tassels, pompons and ornamental trimmings suppliers to Belgium were China ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Germany, Italy, India and Turkey lagged somewhat behind, together accounting for a further X the main suppliers, Turkey, with a CAGR of +X%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average import price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a deep contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform