In 2023, Hungary led Europe's import of terry towelling and similar woven terry fabrics of cotton, maintaining a modest growth of just over 1%. The United Kingdom and several other major importers like Germany and Spain saw declines exceeding 5%. In contrast, Belgium and the Netherlands experienced significant growth rates of 21.25% and 18.37%, respectively. Notably, Denmark's imports skyrocketed by over 70%, while Poland faced the steepest decline at nearly 39%. The Compound Annual Growth Rate (CAGR) over the past five years reveals that countries like Croatia and Slovakia are steadily increasing their imports, reflecting a positive underlying trend.
Future trends to watch include Southern and Eastern Europe's continued growth potential as they increasingly import terry fabrics. Observing shifts in supply chain routes, especially post-Brexit, could influence import dynamics significantly. Additionally, environmental considerations may affect sourcing strategies, given the growing focus on sustainable textiles in the European market.
Top countries in Import of Terry Towelling and Similar Woven Terry Fabrics of Cotton by Country
| # | 10 Countries | Square Meters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 5,290,700 | 2023 | +1.83% | +1.04% | View data |
| 2 | 2 Czechia | 2,689,400 | 2023 | |||
| 3 | 3 United Kingdom | 656,820 | 2023 | -12.95% | -5.69% | View data |
| 4 | 4 France | 646,600 | 2023 | +3.14% | +12.63% | View data |
| 5 | 5 Belgium | 441,360 | 2023 | +17.77% | +21.25% | View data |
| 6 | 6 Italy | 330,510 | 2023 | +15.18% | +6.23% | View data |
| 7 | 7 Slovakia | 227,460 | 2023 | +3.87% | +14.42% | View data |
| 8 | 8 Spain | 204,310 | 2023 | -2.32% | -11.34% | View data |
| 9 | 9 Germany | 188,030 | 2023 | -20.85% | -11.08% | View data |
| 10 | 10 Bulgaria | 144,210 | 2023 | -0.032% | +11.4% | View data |
