Eastern Europe: Embroidery Market 2024

Embroidery Market Size in Eastern Europe

The East European embroidery market reduced slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Embroidery Production in Eastern Europe

In value terms, embroidery production fell modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Embroidery Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of embroidery (without visible ground) in the piece decreased by X% to X tons in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, embroidery exports fell to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Estonia (X tons) represented the major exporter of embroidery (without visible ground) in the piece, mixing up X% of total exports. Belarus (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Romania (X%). Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to embroidery exports from Estonia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Romania (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Estonia (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) and Romania (X p.p.) displayed negative dynamics.

In value terms, Romania ($X), Estonia ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. These countries were followed by Belarus, which accounted for a further X%.

Among the main exporting countries, Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Embroidery Imports

Imports in Eastern Europe

After three years of decline, purchases abroad of embroidery (without visible ground) in the piece increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, embroidery imports reached $X in 2022. Over the period under review, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Romania (X tons) and Belarus (X tons) represented the key importers of embroidery (without visible ground) in the piece in 2022, recording near X% and X% of total imports, respectively. It was distantly followed by Poland (X tons), Russia (X tons), Hungary (X tons) and Lithuania (X tons), together committing a X% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest embroidery importing markets in Eastern Europe were Romania ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports. Belarus, Bulgaria, Lithuania and Russia lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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