
China - Wadding - Market Analysis, Forecast, Size, Trends And Insights
China's Wadding Price Falls to $5,906 per Ton
China Wadding Export Price in September 2022
In September 2022, the wadding price stood at $5,906 per ton (FOB, China), dropping by -4% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in February 2022 an increase of 38% m-o-m. As a result, the export price attained the peak level of $7,180 per ton. From March 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($9,045 per ton), while the average price for exports to Brazil ($2,201 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
China Wadding Exports
After two months of decline, overseas shipments of wadding increased by 5.1% to 6K tons in September 2022. Over the period under review, exports, however, saw a pronounced decline. The pace of growth appeared the most rapid in March 2022 when exports increased by 67% month-to-month. The exports peaked at 8.6K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, wadding exports stood at $36M (IndexBox estimates) in September 2022. Overall, exports, however, recorded a pronounced descent. The growth pace was the most rapid in March 2022 with an increase of 43% month-to-month. The exports peaked at 45K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
China Wadding Exports by Country
The United States (899 tons), Vietnam (494 tons) and Japan (486 tons) were the main destinations of wadding exports from China, together accounting for 31% of total exports. These countries were followed by Australia, South Korea, the Philippines, Mexico, India, Brazil, Malaysia, Thailand, Cambodia and Saudi Arabia, which together accounted for a further 31%.
From January 2022 to September 2022, the biggest increases were in Brazil (with a CAGR of +20.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($4.5M), the United States ($4.3M) and Japan ($2M) constituted the largest markets for wadding exported from China worldwide, with a combined 30% share of total exports. Australia, Malaysia, India, South Korea, Thailand, Saudi Arabia, the Philippines, Mexico, Cambodia and Brazil lagged somewhat behind, together accounting for a further 30%.
Among the main countries of destination, Thailand, with a CAGR of +14.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Wadding Prices
In China, the average price of wadding has been on the rise in recent years. A variety of factors have contributed to this trend. One factor is the increasing cost of raw materials. The price of cotton, for example, has been rising steadily in recent years due to a variety of factors including weather conditions and increased demand from developing countries. This has led to an increase in the cost of wadding made from cotton.
Another factor contributing to the rising price of wadding is increased labor costs in China. Wages have been rising steadily in recent years as the Chinese economy has developed and workers have become more productive. This has led to an increase in the cost of manufacturing wadding in China.
This report provides an in-depth analysis of the wadding market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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