Woolen Yarn Market Overview in Belgium
In value terms, woolen yarn production contracted dramatically to $ in 2018 estimated in export prices. In general, production, however, faced a dramatic setback. The growth pace was the most rapid in 2012 when the production volume increased by % against the previous year. Woolen yarn production peaked at $ in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.
The value of the woolen yarn market in Belgium surged to $ in 2018, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.