Belgium: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Belgium

The Belgian quilted textile products market declined sharply to $X in 2021, waning by -83% against the previous year. In general, consumption recorded a dramatic downturn. Quilted textile products consumption peaked at $X in 2020, and then shrank significantly in the following year.

Quilted Textile Products Production in Belgium

In value terms, quilted textile products production fell significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous slump. Over the period under review, production hit record highs at $X in 2020, and then contracted significantly in the following year.

Quilted Textile Products Exports

Exports from Belgium

In 2021, quilted textile products exports from Belgium expanded significantly to X tons, surging by 6.3% compared with the previous year. The total export volume increased at an average annual rate of +6.3% from 2020 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products exports totaled $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for quilted textile products exports from Belgium, accounting for a 54% share of total exports. Moreover, quilted textile products exports to France exceeded the volume sent to the second major destination, Serbia (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 7.3% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to France amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+264,229.6% per year) and the Netherlands (+157.2% per year).

In value terms, France ($X) remains the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Belgium, comprising 53% of total exports. The second position in the ranking was taken by Serbia ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2020 to 2021, the average annual rate of growth in terms of value to France stood at +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+156,895.8% per year) and the Netherlands (+145.2% per year).

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, which is down by -5.1% against the previous year. In general, the export price recorded a abrupt curtailment. The export price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-4.7%), while the prices for the other major destinations experienced a decline.

Quilted Textile Products Imports

Imports into Belgium

In 2021, approx. X tons of quilted textile products in the piece (excluding embroidery) were imported into Belgium; with an increase of 178% on 2020. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products imports declined notably to $X in 2021. Overall, imports, however, showed a sharp reduction. Imports peaked at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of quilted textile products to Belgium, accounting for a 66% share of total imports. Moreover, quilted textile products imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 6.6% share.

From 2020 to 2021, the average annual growth rate of volume from the Netherlands amounted to +656.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+50.2% per year) and Germany (+8.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Belgium, comprising 55% of total imports. The second position in the ranking was held by Slovakia ($X), with a 21% share of total imports. It was followed by Germany, with a 5% share.

From 2020 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-4.5% per year) and Germany (-26.2% per year).

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, falling by -73.3% against the previous year. Overall, the import price recorded a precipitous shrinkage. The import price peaked at $X per ton in 2020, and then dropped dramatically in the following year.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-31.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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