Southern Asia: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Southern Asia

In 2023, the South Asian narrow woven fabric market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Narrow Woven Fabric Production in Southern Asia

In value terms, narrow woven fabric production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Narrow Woven Fabric Exports

Exports in Southern Asia

In 2023, the amount of narrow woven fabrics exported in Southern Asia skyrocketed to X tons, increasing by X% against the year before. Overall, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric exports reduced to $X in 2023. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then fell slightly in the following year.

Exports by Country

India dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by Pakistan (X%). Bangladesh (X tons) held a little share of total exports.

India was also the fastest-growing in terms of the narrow woven fabrics exports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%), Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest narrow woven fabric supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price showed a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Narrow Woven Fabric Imports

Imports in Southern Asia

In 2023, the amount of narrow woven fabrics imported in Southern Asia reduced to X tons, waning by X% on 2022. Total imports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, narrow woven fabric imports dropped sharply to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Bangladesh (X tons) and India (X tons) dominates imports structure, together generating X% of total imports. It was distantly followed by Pakistan (X tons), creating an X% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported narrow woven fabrics in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In Bangladesh, narrow woven fabric imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform