Narrow Woven Fabric Market

The article provides a comprehensive analysis of the global narrow woven fabrics market, highlighting trends in consumption, production, imports, and exports. The market is projected to show growth in both volume and value over the next eight years, with significant fluctuations observed in various countries. Key points include the highest consuming and producing countries, types of narrow woven fabrics, and trends in import and export prices. The data presented offers valuable insights into the current state and future prospects of the narrow woven fabrics market worldwide.

Market Forecast

Driven by increasing demand for narrow woven fabrics worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.1% for the period from 2022 to 2030, which is projected to bring the market volume to 3.4M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.9% for the period from 2022 to 2030, which is projected to bring the market value to $29.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Narrow Woven Fabrics

In 2022, approx. 2.3M tons of narrow woven fabrics were consumed worldwide; waning by -12.5% on 2021 figures. In general, the total consumption indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.4% against 2020 indices. Global consumption peaked at 3.1M tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The global narrow woven fabric market size fell to $17.4B in 2022, shrinking by -9.2% 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 a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.1% against 2020 indices. Over the period under review, the global market reached the peak level at $25.2B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (586K tons), Brazil (447K tons) and China (287K tons), with a combined 58% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Turkey (with a CAGR of +19.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest narrow woven fabric markets worldwide were Turkey ($4.1B), China ($2.5B) and the United States ($1.7B), together comprising 47% of the global market.

Turkey, with a CAGR of +13.8%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of narrow woven fabric per capita consumption was registered in Turkey (6.8 kg per person), followed by Brazil (2.1 kg per person), the United States (0.5 kg per person) and Pakistan (0.3 kg per person), while the world average per capita consumption of narrow woven fabric was estimated at 0.3 kg per person.

In Turkey, narrow woven fabric per capita consumption expanded at an average annual rate of +17.6% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Brazil (+2.9% per year) and the United States (-1.0% per year).

Production

World Production of Narrow Woven Fabrics

In 2022, global production of narrow woven fabrics fell to 2.3M tons, reducing by -11.2% compared with the previous year. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 29%. Global production peaked at 3.2M tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, narrow woven fabric production declined slightly to $16B in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 20%. Over the period under review, global production hit record highs at $24B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Turkey (588K tons), China (566K tons) and Brazil (443K tons), with a combined 68% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Turkey (with a CAGR of +19.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Narrow Woven Fabrics

Global narrow woven fabric imports fell to 549K tons in 2022, which is down by -9% against the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of 603K tons, and then declined in the following year.

In value terms, narrow woven fabric imports reduced slightly to $6B in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, imports attained the peak of $6B, and then contracted in the following year.

Imports By Country

The purchases of the five major importers of narrow woven fabrics, namely the United States, India, Vietnam, Myanmar and Bangladesh, represented more than fourth of total import. Hong Kong SAR (16K tons), Poland (15K tons), Germany (14K tons), Indonesia (14K tons), Cambodia (14K tons), Canada (13K tons), Russia (13K tons) and Italy (13K tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +38.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($714M), the United States ($473M) and Hong Kong SAR ($287M) constituted the countries with the highest levels of imports in 2022, together accounting for 25% of global imports. Bangladesh, Indonesia, Cambodia, India, Germany, Myanmar, Italy, Poland, Canada and Russia lagged somewhat behind, together accounting for a further 26%.

Myanmar, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) (435K tons) represented the largest type of narrow woven fabrics, mixing up 79% of total imports. It was distantly followed by labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (60K tons) and braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (54K tons), together achieving a 21% share of total imports.

Fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) was also the fastest-growing in terms of imports, with a CAGR of +1.6% from 2012 to 2022. At the same time, braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (+1.3%) displayed positive paces of growth. Labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered experienced a relatively flat trend pattern. From 2012 to 2022, the share of fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) increased by +1.6 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) ($4.1B) constitutes the largest type of narrow woven fabrics imported worldwide, comprising 68% of global imports. The second position in the ranking was held by labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered ($1.3B), with a 22% share of global imports.

For fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs), imports expanded at an average annual rate of +2.6% over the period from 2012-2022. With regard to the other imported products, the following average annual rates of growth were recorded: labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (+1.2% per year) and braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (+0.7% per year).

Import Prices By Type

In 2022, the average narrow woven fabric import price amounted to $10,885 per ton, picking up by 8.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $11,507 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered ($21,967 per ton), while the price for fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) ($9,323 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (+1.2%), while the other products experienced mixed trends in the import price figures.

Import Prices By Country

The average narrow woven fabric import price stood at $10,885 per ton in 2022, surging by 8.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. Over the period under review, average import prices reached the maximum at $11,507 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($22,180 per ton), while Myanmar ($5,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Narrow Woven Fabrics

In 2022, global exports of narrow woven fabrics shrank modestly to 593K tons, declining by -3.7% compared with 2021. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 632K tons. From 2018 to 2022, the growth of the global exports remained at a lower figure.

In value terms, narrow woven fabric exports stood at $6.6B in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports By Country

China represented the largest exporter of narrow woven fabrics in the world, with the volume of exports accounting for 288K tons, which was approx. 49% of total exports in 2022. It was distantly followed by the United States (31K tons), Germany (30K tons) and Taiwan (Chinese) (29K tons), together committing a 15% share of total exports. Hong Kong SAR (18K tons), South Korea (16K tons), India (15K tons), Turkey (13K tons), Canada (12K tons), Italy (12K tons) and Vietnam (9.4K tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +5.2% from 2012 to 2022. At the same time, Vietnam (+19.7%), Turkey (+8.6%), Canada (+7.4%), India (+7.2%), Germany (+4.8%) and Italy (+2.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.7% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (-3.1%), the United States (-3.9%) and Hong Kong SAR (-4.7%) illustrated a downward trend over the same period. China (+13 p.p.) significantly strengthened its position in terms of the global exports, while South Korea, Hong Kong SAR and the United States saw its share reduced by -1.8%, -3% and -4.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.6B) remains the largest narrow woven fabric supplier worldwide, comprising 39% of global exports. The second position in the ranking was taken by Hong Kong SAR ($606M), with a 9.2% share of global exports. It was followed by Germany, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-0.3% per year) and Germany (+1.8% per year).

Exports By Type

Fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) represented the largest type of narrow woven fabrics in the world, with the volume of exports reaching 485K tons, which was approx. 82% of total exports in 2022. Labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (63K tons) held the second position in the ranking, followed by braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (45K tons). All these products together took approx. 18% share of total exports.

Fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) was also the fastest-growing in terms of exports, with a CAGR of +2.5% from 2012 to 2022. Labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered experienced a relatively flat trend pattern. braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (-1.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) increased by +4.2 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) ($4.7B) remains the largest type of narrow woven fabrics supplied worldwide, comprising 72% of global exports. The second position in the ranking was held by labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered ($1.3B), with a 20% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of the value of fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) exports amounted to +3.4%. With regard to the other exported products, the following average annual rates of growth were recorded: labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (+0.9% per year) and braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (-0.2% per year).

Export Prices By Type

The average narrow woven fabric export price stood at $11,141 per ton in 2022, with an increase of 4.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 51%. As a result, the export price attained the peak level of $14,350 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered ($21,405 per ton), while the average price for exports of fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) ($9,776 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (+1.0%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average narrow woven fabric export price stood at $11,141 per ton in 2022, with an increase of 4.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 51%. As a result, the export price attained the peak level of $14,350 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($33,319 per ton), while Canada ($6,022 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform