EU: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in the EU

After two years of decline, the EU hand-woven tapestry market increased by 36% to $X in 2021. Over the period under review, consumption, however, continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand-Woven Tapestry Production in the EU

In value terms, hand-woven tapestry production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand-Woven Tapestry Exports

Exports in the EU

In 2021, shipments abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 23% to X tons, rising for the third consecutive year after four years of decline. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 300% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, hand-woven tapestry exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 159%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain prevails in exports structure, finishing at X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Greece (X tons), making up a 4.9% share of total exports. The following exporters - Belgium (X tons), Poland (X tons) and France (X tons) - together made up 7.7% of total exports.

Exports from Spain increased at an average annual rate of +32.5% from 2012 to 2021. At the same time, Greece (+47.2%), France (+4.7%) and Belgium (+1.6%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +47.2% from 2012-2021. By contrast, Poland (-9.7%) illustrated a downward trend over the same period. While the share of Spain (+49 p.p.) and Greece (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-5.4 p.p.), Belgium (-11.8 p.p.) and Poland (-27 p.p.) displayed negative dynamics.

In value terms, the largest hand-woven tapestry supplying countries in the European Union were France ($X), Spain ($X) and Belgium ($X), with a combined 80% share of total exports. Poland and Greece lagged somewhat behind, together comprising a further 4.6%.

In terms of the main exporting countries, Greece, with a CAGR of +31.1%, 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 export price in the European Union stood at $X per ton in 2021, surging by 4.2% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 131%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.8%), while the other leaders experienced mixed trends in the export price figures.

Hand-Woven Tapestry Imports

Imports in the EU

In 2021, purchases abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 44% to X tons, rising for the third year in a row after four years of decline. In general, imports recorded a notable expansion. The growth pace was the most rapid in 2019 when imports increased by 108% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, hand-woven tapestry imports skyrocketed to $X in 2021. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of hand-woven tapestry imports in 2021 were France (X tons), Greece (X tons) and Poland (X tons), together reaching 79% of total import. It was distantly followed by Belgium (X tons), achieving a 7.2% share of total imports. The following importers - Italy (X tons), the Netherlands (X tons) and Sweden (X tons) - together made up 9.4% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +62.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in the European Union, comprising 57% of total imports. The second position in the ranking was taken by Greece ($X), with a 9.1% share of total imports. It was followed by Poland, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in France totaled +6.5%. The remaining importing countries recorded the following average annual rates of imports growth: Greece (+65.9% per year) and Poland (-2.4% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, rising by 4.7% against the previous year. Overall, the import price recorded a slight increase. The growth pace was the most rapid in 2017 when the import price increased by 71% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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