Overview of the Market for Pile And Chenille Fabric in France
Market Overview
For the third year in a row, the French pile and chenille fabric market recorded growth in sales value, which increased by
% to $
in 2019. In general, consumption saw a mild descent. The pace of growth appeared the most rapid in 2015 with an increase of
% year-to-year. Over the period under review, the market hit record highs at $
in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
In value terms, pile and chenille fabric production dropped to $
in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of
% y-o-y. Pile and chenille fabric production peaked at $
in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.




In value terms, pile and chenille fabric production dropped to $



Consumption
In 2019, approx.
tonnes of woven pile fabrics and chenille fabrics were consumed in France; remaining constant against the year before. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the consumption volume increased by
% y-o-y. Over the period under review, consumption hit record highs in 2019 and is likely to see gradual growth in years to come.
The value of the pile and chenille fabric market in France reached $
in 2019, leveling off at 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). Over the period under review, consumption showed a slight setback. The pace of growth appeared the most rapid in 2015 when the market value increased by
% year-to-year. Pile and chenille fabric consumption peaked at $
in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.


The value of the pile and chenille fabric market in France reached $



Market Forecast
Driven by increasing demand for pile and chenille fabric in France, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +
% for the period from 2019 to
, which is projected to bring the market volume to
tonnes by the end of
.




Market Structure
In 2019, the share of imports in total consumption accounted for
% in value terms and
% in physical terms. The share of imports decreased moderately (-
percentage point) over the period under review.



Trade Balance
France remains a net importer of pile and chenille fabric; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of
tonnes, which was equal to $
. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.


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