Belgium: Textile Wadding Market 2024

Textile Wadding Market Size in Belgium

In 2022, the Belgian textile wadding market increased by 6.2% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.0% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Textile Wadding Production in Belgium

In value terms, textile wadding production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 44% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Textile Wadding Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of wadding of textile materials and articles thereof, when their volume decreased by -68.6% to X tons. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 90% against the previous year. The exports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, textile wadding exports declined significantly to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 164% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of textile wadding exports from Belgium, with a combined 70% share of total exports. The UK, Luxembourg, Denmark, Greece, Italy, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +11.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Belgium, comprising 35% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Luxembourg, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to France stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.5% per year) and Luxembourg (+2.1% per year).

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, waning by -11.2% against the previous year. Over the period under review, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 39%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to the Netherlands ($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 Egypt (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Belgium

In 2022, purchases abroad of wadding of textile materials and articles thereof decreased by -26.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, textile wadding imports reduced dramatically to $X in 2022. In general, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and China (X tons) were the main suppliers of textile wadding imports to Belgium, together accounting for 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile wadding suppliers to Belgium were France ($X), the United States ($X) and China ($X), with a combined 66% share of total imports.

In terms of the main suppliers, China, with a CAGR of +10.4%, saw 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 wadding import price amounted to $X per ton, shrinking by -8.3% against the previous year. Over the period under review, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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