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Tufted Textile Fabric Market

Tufted textile fabric market: get newly released info provided by an Ai-driven business intelligence tool. Data contain production, imports, companies, exports, trade, consumption, market size, and market prices. There is a split by country, including Latin America, the Middle East, the U.K., the U.S., Africa, Russia, China, and EU. Market trends and outlook to 2030 are also featured in the snapshots.

Get FREE access to the latest data and statistics on the Tufted Textile Fabric Market.

Tufted Textile Fabric - World's Largest Markets

Rating	Country
1	Japan
2	China
3	United States
4	India
5	United Arab Emirates

In value terms, Japan led the market, alone. The second position in the ranking was occupied by China. It was followed by the United States.

In Japan, the tufted textile fabric market increased at an average annual rate of +15.8% over the period from 2018-2020. In the other countries, the average annual rates were as follows: China (+9.8% per year) and the United States (+2.9% per year).

Tufted Textile Fabric Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per square meter			CAGR, 2018-2020
Jordan	1.5	1.1	0.9	-25.3%
Slovakia	4.9	5.1	4.5	-4.4%
Netherlands	5.9	5.2	4.5	-12.8%
China	3.8	4.1	5.1	15.8%
Belgium	6.2	5.6	6.2	0.0%
Thailand	7.9	8.3	8.9	6.4%
Japan	14	13	11	-12.0%
Average	4.2	4.5	5.3	11.6%

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($11 per square meter), while Jordan ($0.9 per square meter) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per square meter			CAGR, 2018-2020
United Arab Emirates	6.6	6.9	7.2	4.4%
Vietnam	6.3	5.6	5	-10.6%
Japan	3.7	3.5	3.4	-4.3%
Kuwait	5	3.6	2.9	-24.3%
Average	4.7	4.4	4	-7.1%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United Arab Emirates ($7.2 per square meter), while Kuwait ($2.9 per square meter) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other global leaders experienced a decline in the import price figures.

Tufted Textile Fabric - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Japan	39	42	52	15.2%
United Arab Emirates	5.1	5.1	5	-0.6%
Vietnam	3.2	3.8	1.9	-23.2%
Kuwait	0.6	1.5	1.5	54.1%

In value terms, Japan ($52M) constitutes the largest market for imported tufted textile fabrics worldwide, comprising 64% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($5M), with a 6.3% share of global imports. It was followed by Vietnam, with a 2.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Japan stood at +15.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-0.6% per year) and Vietnam (-23.2% per year).

Tufted Textile Fabric - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	49	32	14	-46.7%
Netherlands	1.2	1.6	1.5	12.7%
Japan	1.2	1	1	-8.1%
Belgium	1.1	1.1	0.7	-18.9%
Thailand	0.3	0.3	0.7	43.5%

In value terms, China ($14M) remains the largest tufted textile fabric supplier worldwide, comprising 67% of global exports. The second position in the ranking was occupied by the Netherlands ($1.5M), with a 7.3% share of global exports. It was followed by Japan, with a 4.7% share.

In China, tufted textile fabric exports decreased by an average annual rate of -46.7% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+12.7% per year) and Japan (-8.1% per year).

Tufted Textile Fabric - Market Forecast

Driven by increasing demand for tufted textile fabric worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.