EU: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in the EU

In 2022, the EU market for coconut, abaca, ramie and other vegetable textile fibres decreased by -18.2% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +12.4% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in the EU

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 3,623%. The level of production peaked in 2022 and is expected to retain growth in the near future.

The countries with the highest volumes of production in 2022 were Belgium (X tons), Spain (X tons) and the Netherlands (X tons), with a combined 100% share of total production.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +1,686.5%), while fibres for the other leaders experienced mixed trends in the production figures.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in the EU

In 2022, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres decreased by -16.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 61%. The volume of export peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres fell rapidly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented the largest exporters of coconut, abaca, ramie and other vegetable textile fibres in 2022, accounting for near 43% and 41% of total exports, respectively. It was distantly followed by Spain (X tons), creating a 10% share of total exports. The following exporters - Italy (X tons) and Germany (X tons) - each accounted for a 3.7% 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 Belgium (with a CAGR of +26.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, together comprising 84% of total exports.

Among the main exporting countries, Spain, with a CAGR of +21.7%, 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

In 2022, the export price in the European Union amounted to $X per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by 10%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -45% to X tons. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 79% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres reduced dramatically to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 47%. The level of import peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

The purchases of the three major importers of coconut, abaca, ramie and other vegetable textile fibres, namely the Netherlands, Germany and Belgium, represented more than half of total import. It was distantly followed by France (X tons), Portugal (X tons), Slovenia (X tons) and Italy (X tons), together committing a 26% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre importing markets in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 51% share of total imports. France, Portugal, Italy and Slovenia lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, France, with a CAGR of +9.2%, recorded the highest rates of growth with regard to 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 import price in the European Union amounted to $X per ton, increasing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 Portugal ($X per ton), while Slovenia ($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 (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform