Flax Fabric Market Overview in the European Union
In value terms, flax fabric production stood at $396M in 2010 estimated in export prices. In general, flax fabric production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2008 when production volume decreased by -4.5% against the previous year. Over the period under review, flax fabric production reached its peak figure level at $560M in 2007; however, from 2008 to 2010, production remained at a lower figure.
Italy (20M square meters) constituted the country with the largest volume of flax fabric production, accounting for 43% of total volume. Moreover, flax fabric production in Italy exceeded the figures recorded by the second-largest producer, Spain (8.2M square meters), twofold. The third position in this ranking was occupied by Belgium (2.8M square meters), with a 6% share.
From 2007 to 2010, the average annual growth rate of volume in Italy amounted to -14.0%. In the other countries, the average annual rates were as follows: Spain (-17.6% per year) and Belgium (-7.5% per year).
The revenue of the flax fabric market in the European Union amounted to $474M in 2010, dropping by -8.8% 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, flax fabric consumption, however, continues to indicate a deep descent. The most prominent rate of growth was recorded in 2008 with a decrease of -6.3% year-to-year. The level of flax fabric consumption peaked at $705M in 2007; however, from 2008 to 2010, consumption failed to regain its momentum.
In Italy, flax fabric consumption declined by an average annual rate of -12.6% over the period from 2007-2010. The remaining consuming countries recorded the following average annual rates of consumption growth: Spain (-15.8% per year) and Lithuania (-18.8% per year).
In value terms, Italy ($159M) led the market, alone. The second position in the ranking was occupied by Romania ($33M). It was followed by Spain.
From 2007 to 2010, the average annual rate of growth in terms of value in Italy stood at -14.0%. In the other countries, the average annual rates were as follows: Romania (-10.7% per year) and Spain (-14.9% per year).
In 2010, the highest levels of flax fabric per capita consumption was registered in Lithuania (1,026 square meters per 1000 persons), followed by Italy (363 square meters per 1000 persons), Spain (180 square meters per 1000 persons) and the Czech Republic (168 square meters per 1000 persons), while the world average per capita consumption of flax fabric was estimated at 100 square meters per 1000 persons.
In Lithuania, flax fabric per capita consumption declined by an average annual rate of -17.6% over the period from 2007-2010. In the other countries, the average annual rates were as follows: Italy (-12.9% per year) and Spain (-16.7% per year).