Europe: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Europe

The Europe quilted textile products market surged to $X in 2021, growing by 19% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +12.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; afterwards, it flattened through to 2021.

Quilted Textile Products Production in Europe

In value terms, quilted textile products production stood at $X in 2021 estimated in export price. Overall, production showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the immediate term.

Quilted Textile Products Exports

Exports in Europe

In 2021, shipments abroad of quilted textile products in the piece (excluding embroidery) increased by 7.2% to X tons, rising for the third year in a row after four years of decline. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 842% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, quilted textile products exports reached $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 990% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

The shipments of the twelve major exporters of quilted textile products in the piece (excluding embroidery), namely Belgium, Italy, the Netherlands, Slovakia, Poland, Bulgaria, Spain, Russia, Germany, Bosnia and Herzegovina, France and Belarus, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bosnia and Herzegovina (with a CAGR of +71.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest quilted textile products supplier in Europe, comprising 24% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Slovakia, with a 9% share.

From 2012 to 2021, the average annual growth rate of value in Italy totaled +32.3%. In the other countries, the average annual rates were as follows: Poland (-16.1% per year) and Slovakia (-14.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, growing by 3.3% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 41% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+41.7%), while the other leaders experienced more modest paces of growth.

Quilted Textile Products Imports

Imports in Europe

For the third consecutive year, Europe recorded growth in supplies from abroad of quilted textile products in the piece (excluding embroidery), which increased by 29% to X tons in 2021. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, quilted textile products imports skyrocketed to $X in 2021. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 105% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Russia was the largest importer of quilted textile products in the piece (excluding embroidery) in Europe, with the volume of imports accounting for X tons, which was near 37% of total imports in 2021. Ukraine (X tons) ranks second in terms of the total imports with a 10% share, followed by Spain (7.8%), Croatia (6.9%) and Slovakia (5.2%). The following importers - Poland (X tons), Italy (X tons), Belarus (X tons), the UK (X tons), Serbia (X tons), France (X tons), Bulgaria (X tons) and Germany (X tons) - together made up 20% of total imports.

From 2012 to 2021, average annual rates of growth with regard to quilted textile products imports into Russia stood at +17.6%. At the same time, Slovakia (+98.8%), Bulgaria (+86.3%), Croatia (+70.7%), Italy (+40.7%), Germany (+27.3%), Spain (+26.5%), Poland (+18.4%), the UK (+11.7%), France (+8.2%), Ukraine (+4.5%) and Serbia (+1.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Europe, with a CAGR of +98.8% from 2012-2021. By contrast, Belarus (-4.0%) illustrated a downward trend over the same period. While the share of Spain (+7.8 p.p.), Croatia (+6.9 p.p.), Slovakia (+5.2 p.p.), Poland (+3.8 p.p.), Italy (+2.8 p.p.), Russia (+2.6 p.p.), France (+2.4 p.p.), Bulgaria (+2.1 p.p.) and Germany (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Serbia (-6.4 p.p.), Belarus (-12.8 p.p.) and Ukraine (-17.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported quilted textile products in the piece (excluding embroidery) in Europe, comprising 19% of total imports. The second position in the ranking was taken by France ($X), with an 8.4% share of total imports. It was followed by Ukraine, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +19.9%. The remaining importing countries recorded the following average annual rates of imports growth: France (+88.3% per year) and Ukraine (+3.8% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, growing by 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the import price increased by 16%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+114.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform