Belgium: Embroidery Market 2024

Embroidery Market Size in Belgium

After two years of decline, the Belgian embroidery market increased by X% to $X in 2022. Overall, consumption, however, showed a buoyant increase. Embroidery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Embroidery Production in Belgium

In value terms, embroidery production shrank to $X in 2022 estimated in export price. In general, production, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. Embroidery production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Embroidery Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of embroidery (without visible ground) in the piece, when their volume decreased by X% to X tons. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, embroidery exports rose modestly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for embroidery exports from Belgium, with a X% share of total exports. Moreover, embroidery exports to China exceeded the volume sent to the second major destination, Luxembourg (X kg), twofold. The third position in this ranking was taken by Tunisia (X kg), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and Tunisia (X% per year).

In value terms, China ($X) remains the key foreign market for embroidery (without visible ground) in the piece exports from Belgium, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average embroidery export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Embroidery Imports

Imports into Belgium

Embroidery imports into Belgium dropped notably to X tons in 2022, waning by X% against 2021. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, embroidery imports rose slightly to $X in 2022. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Spain (X tons) and France (X kg) were the main suppliers of embroidery imports to Belgium, together comprising X% of total imports. Switzerland, the United States, India, Pakistan and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of embroidery (without visible ground) in the piece to Belgium, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average embroidery import price amounted to $X per ton, surging by X% against the previous year. In general, the import price posted a temperate expansion. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :