Belgium: Synthetic Yarn Market 2024

Synthetic Yarn Market Size in Belgium

The Belgian synthetic yarn market dropped sharply to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a deep setback. The most prominent rate of growth was recorded in 2020 when the market value decreased by X%. Synthetic yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Synthetic Yarn Production in Belgium

In value terms, synthetic yarn production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt shrinkage. Synthetic yarn production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports from Belgium

In 2022, shipments abroad of yarn of synthetic or artificial staple fibers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a perceptible reduction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic yarn exports fell significantly to $X in 2022. Overall, exports saw a pronounced descent. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of synthetic yarn exports from Belgium, with a combined X% share of total exports. Austria, Italy, the Netherlands, Romania, the UK, Poland, Denmark, Algeria, the United States and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average synthetic yarn export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Algeria ($X per ton), while the average price for exports to Austria ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Yarn Imports

Imports into Belgium

After two years of growth, purchases abroad of yarn of synthetic or artificial staple fibers decreased by X% to X tons in 2022. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic yarn imports dropped rapidly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), India (X tons) and France (X tons) were the main suppliers of synthetic yarn imports to Belgium, together accounting for X% of total imports. The Netherlands, Pakistan, Vietnam, Morocco, Japan, Italy, Turkey, Thailand and Slovenia lagged somewhat behind, together comprising a further X%.

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

In value terms, Indonesia ($X), India ($X) and the Netherlands ($X) appeared to be the largest synthetic yarn suppliers to Belgium, with a combined X% share of total imports. Italy, France, Morocco, Vietnam, Thailand, Turkey, Slovenia, Pakistan and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, 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

The average synthetic yarn import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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