Belgium: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in Belgium

In 2022, the Belgian textile industry finishing agents market increased by X% to $X, rising for the sixth year in a row after three years of decline. In general, consumption enjoyed a prominent expansion. Textile industry finishing agents consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Finishing Agents Used In The Textile Industry in Belgium

In value terms, textile industry finishing agents production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Finishing Agents Used In The Textile Industry

Exports from Belgium

After four years of growth, shipments abroad of finishing agents used in the textile industry decreased by X% to X tons in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, textile industry finishing agents exports amounted to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for textile industry finishing agents exports from Belgium, accounting for a X% share of total exports. Moreover, textile industry finishing agents exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for textile industry finishing agents exported from Belgium worldwide, together accounting for X% of total exports. The UK, Italy, Turkey, Ireland, Norway, Poland and Luxembourg lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average textile industry finishing agents export price amounted to $X per ton, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Luxembourg ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Finishing Agents Used In The Textile Industry

Imports into Belgium

In 2022, supplies from abroad of finishing agents used in the textile industry decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, textile industry finishing agents imports dropped sharply to $X in 2022. In general, imports showed a mild setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest textile industry finishing agents supplier to Belgium, with a X% share of total imports. Moreover, textile industry finishing agents imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

In value terms, France ($X), Germany ($X) and the United States ($X) appeared to be the largest textile industry finishing agents suppliers to Belgium, with a combined X% share of total imports. The Netherlands, the UK, Poland, Italy, Spain and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average textile industry finishing agents import price amounted to $X per ton, declining by X% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile industry finishing agents import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

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 ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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