Belgium: Woolen Fabric Market 2025

Woolen Fabric Market Size in Belgium

The Belgian woolen fabric market stood at $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Woolen Fabric Production in Belgium

In value terms, woolen fabric production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 11%. Woolen fabric production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Woolen Fabric Exports

Exports from Belgium

Woolen fabric exports from Belgium reduced to X square meters in 2021, declining by -6.7% against the previous year's figure. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, woolen fabric exports shrank to $X in 2021. In general, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 7.6%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters), Italy (X square meters) and France (X square meters) were the main destinations of woolen fabric exports from Belgium, together comprising 50% of total exports. Ukraine, South Korea, the Netherlands, the UK, Germany, Portugal, China, Poland, Japan and Hong Kong SAR lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +18.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and South Korea ($X) appeared to be the largest markets for woolen fabric exported from Belgium worldwide, with a combined 40% share of total exports. France, China, Portugal, Japan, Germany, Hong Kong SAR, Ukraine, the Netherlands, the UK and Poland lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Portugal, with a CAGR of +27.8%, saw the highest growth rate of 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

The average woolen fabric export price stood at $X per square meter in 2021, picking up by 3.2% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, woolen fabric export price decreased by -18.2% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while the average price for exports to Ukraine ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports

Imports into Belgium

In 2021, after two years of growth, there was significant decline in purchases abroad of woven woolen fabrics, when their volume decreased by -10.5% to X square meters. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, woolen fabric imports reduced markedly to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 17% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X square meters), the UK (X square meters) and Germany (X square meters) were the main suppliers of woolen fabric imports to Belgium, together accounting for 71% of total imports. The Netherlands, India, China and France lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +35.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), the UK ($X) and Germany ($X) were the largest woolen fabric suppliers to Belgium, with a combined 78% share of total imports.

Among the main suppliers, Germany, with a CAGR of +15.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average woolen fabric import price amounted to $X per square meter, declining by -10.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 28%. As a result, import price attained the peak level of $X per square meter. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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