Japan's Narrow Woven Fabric Price Shrinks Modestly to $22.3 per kg

Japan Narrow Woven Fabric Export Price in February 2023

In February 2023, the narrow woven fabric price stood at $22,299 per ton (FOB, Japan), which is down by -18.7% against the previous month. Over the period under review, the export price saw a slight descent. The pace of growth was the most pronounced in September 2022 when the average export price increased by 28% against the previous month. As a result, the export price attained the peak level of $36,670 per ton. From October 2022 to February 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($49,894 per ton), while the average price for exports to Canada ($4,806 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Japan Narrow Woven Fabric Export Prices by Type

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 ($102K 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) ($17,324 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (-1.1%), while the prices for the other products experienced a decline.

Japan Narrow Woven Fabric Exports

In February 2023, approximately 309 tons of narrow woven fabrics were exported from Japan; rising by 54% on the previous month's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, narrow woven fabric exports soared to $6.9M (IndexBox estimates) in February 2023. In general, exports, however, saw a relatively flat trend pattern.

Japan Narrow Woven Fabric 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) (273 tons) was the largest type of narrow woven fabric exported from Japan, with a 88% share of total exports. Moreover, fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) exceeded the volume of the second product type, braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (22 tons), more than tenfold.

From February 2022 to February 2023, the average monthly growth rate of the volume of export 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) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (+4.2% per month) and labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (+0.4% per month).

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) ($4.7M) remains the largest type of narrow woven fabric exported from Japan, comprising 69% of total 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 ($1.4M), with a 21% share of total exports.

From February 2022 to February 2023, the average monthly rate of growth in terms of the export volume 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) was relatively modest. With regard to the other exported products, the following average monthly 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 (-0.7% per month) and braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (+2.2% per month).

Japan Narrow Woven Fabric Exports by Country

Thailand (72 tons), China (50 tons) and Vietnam (32 tons) were the main destinations of narrow woven fabric exports from Japan, with a combined 50% share of total exports. Mexico, Canada, the United States, South Korea, Indonesia and Myanmar lagged somewhat behind, together comprising a further 35%.

From February 2022 to February 2023, the biggest increases were in Canada (with a CAGR of +57.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Japan were Vietnam ($1.6M), China ($1.5M) and Thailand ($480K), together accounting for 52% of total exports. These countries were followed by Myanmar, Indonesia, the United States, Mexico, South Korea and Canada, which together accounted for a further 24%.

Among the main countries of destination, Canada, with a CAGR of +18.5%, 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.

Source: IndexBox Market Intelligence Platform