Benelux: Embroidery Market 2024

Embroidery Market Size in Benelux

The Benelux embroidery market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Embroidery Production in Benelux

In value terms, embroidery production fell slightly to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Embroidery Exports

Exports in Benelux

After two years of growth, shipments abroad of embroidery (without visible ground) in the piece decreased by X% to X tons in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, embroidery exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a mild increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium was the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of X%).

In value terms, Belgium ($X) remains the largest embroidery supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Embroidery Imports

Imports in Benelux

In 2022, approx. X tons of embroidery (without visible ground) in the piece were imported in Benelux; shrinking by X% against 2021 figures. In general, imports saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, embroidery imports surged to $X in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands was the major importer of embroidery (without visible ground) in the piece in Benelux, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Belgium (X tons) held the second position in the ranking, distantly followed by Luxembourg (X kg). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to embroidery imports into the Netherlands stood at X%. At the same time, Luxembourg (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Luxembourg (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($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 Netherlands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform