EU Technical Textiles Market Forcast
Driven by increasing demand for technical textiles in the European Union, the market is expected to continue an upward consumption trend over the next seven years.Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.2% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 121K tones by the end of 2025.
In 2018, technical textiles production in the European Union stood at 140K tones, reducing by -3.2% against the previous year. The total output volume increased at an average annual rate of +1.9% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
The growth pace was the most rapid in 2009 with an increase of 15% against the previous year. The volume of technical textiles production peaked at 161K tones in 2011; however, from 2012 to 2018, production remained at a lower figure.
In value terms, technical textiles production totaled $1.9B in 2018 estimated in export prices. Overall, technical textiles production, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2016 with an increase of 3.8% y-o-y. The level of technical textiles production peaked at $2.3B in 2007; however, from 2008 to 2018, production failed to regain its momentum.
Production by country in the EU:The countries with the highest volumes of technical textiles production in 2018 were Germany (32K tones), Italy (18K tones) and the UK (15K tones), with a combined 47% share of total production. These countries were followed by the Netherlands, Spain, Belgium, France, the Czech Republic, Sweden, Poland, Hungary and Romania, which together accounted for a further 43%.
From 2007 to 2018, the most notable rate of growth in terms of technical textiles production, amongst the main producing countries, was attained by Romania, while the other leaders experienced more modest paces of growth.
Exports in the EU:In 2018, the amount of textile products and articles for technical uses exported in the European Union stood at 138K tones, declining by -5.6% against the previous year. The total export volume increased at an average annual rate of +1.5% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 when exports increased by 30% year-to-year. The volume of exports peaked at 152K tones in 2011; however, from 2012 to 2018, exports remained at a lower figure.
In value terms, technical textiles exports amounted to $2.8B (IndexBox estimates) in 2018. In general, technical textiles exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of 14% year-to-year. Over the period under review, technical textiles exports reached their peak figure at $2.9B in 2008; however, from 2009 to 2018, exports remained at a lower figure.
2019-09-12 13:59