ASEAN: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in ASEAN

In 2022, the ASEAN market for coconut, abaca, ramie and other vegetable textile fibres decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in ASEAN

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2022 estimated in export price. In general, production continues to indicate a slight descent. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), the Philippines (X tons) and Vietnam (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of fibres, amongst the main producing countries, was attained by the Philippines (with a CAGR of X%), while fibres for the other leaders experienced mixed trends in the production figures.

The average yield of coconut, abaca, ramie and other vegetable textile fibres fell to X tons per ha in 2022, with a decrease of X% on the previous year. Over the period under review, the yield continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconut, abaca, ramie and other vegetable textile fibres production in ASEAN reduced modestly to X ha, stabilizing at 2021. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the harvested area of coconut, abaca, ramie and other vegetable textile fibres remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in ASEAN

In 2022, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres fell notably to $X in 2022. In general, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines was the major exporter of coconut, abaca, ramie and other vegetable textile fibres in ASEAN, with the volume of exports recording X tons, which was near X% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with an X% share, followed by Thailand (X%), Indonesia (X%) and Malaysia (X%).

The Philippines was also the fastest-growing in terms of the coconut, abaca, ramie and other vegetable textile fibres exports, with a CAGR of X% from 2012 to 2022. Malaysia experienced a relatively flat trend pattern. Thailand (X%), Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) remains the largest coconut, abaca, ramie and other vegetable textile fibre supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in ASEAN

After three years of growth, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then fell sharply in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres reduced markedly to $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, the Philippines (X tons) and Malaysia (X tons) were the key importers of coconut, abaca, ramie and other vegetable textile fibres in ASEAN, together recording approx. X% of total imports. Indonesia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Malaysia, with an X% share.

In the Philippines, imports of coconut, abaca, ramie and other vegetable textile fibres increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price posted a prominent expansion. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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