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

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

After three years of decline, the Asian market for coconut, abaca, ramie and other vegetable textile fibres increased by X% to $X in 2022. In general, consumption, however, saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of production of coconut, abaca, ramie and other vegetable textile fibres, accounting for X% of total volume. Moreover, production of coconut, abaca, ramie and other vegetable textile fibres in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an X% share.

In India, production of coconut, abaca, ramie and other vegetable textile fibres remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Indonesia (X% per year).

The average yield of coconut, abaca, ramie and other vegetable textile fibres reduced modestly to X tons per ha in 2022, with a decrease of X% on the previous year. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then shrank slightly in the following year. 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 Asia expanded slightly to X ha, picking up by X% compared with 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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

Exports in Asia

After three years of growth, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped sharply to $X in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

India represented the main exporting country with an export of around X tons, which accounted for X% of total exports. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%). The following exporters - Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to coconut, abaca, ramie and other vegetable textile fibre exports from India stood at X%. At the same time, the Philippines (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. India (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Indonesia, Sri Lanka and Vietnam saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre supplying countries in Asia were India ($X), Sri Lanka ($X) and the Philippines ($X), together comprising X% of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

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

Imports in Asia

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were imported in Asia; approximately mirroring 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

China dominates fibres structure, finishing at X tons, which was approx. X% of total imports in 2022. The United Arab Emirates (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in Asia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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