Asia: Embroidery Market 2024

Embroidery Market Size in Asia

The Asian embroidery market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Embroidery Production in Asia

In value terms, embroidery production fell to $X in 2022 estimated in export price. Overall, production, however, posted a pronounced expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Embroidery Exports

Exports in Asia

In 2022, approx. X tons of embroidery (without visible ground) in the piece were exported in Asia; reducing by X% against the previous year. Over the period under review, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, embroidery exports dropped to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value 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 decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by India (X tons), creating a X% share of total exports. The following exporters - Pakistan (X tons), Thailand (X tons) and Turkey (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), India (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest embroidery supplying countries in Asia were China ($X), India ($X) and Thailand ($X), with a combined X% share of total exports. Turkey and Pakistan lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest growth rate of 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

The export price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Embroidery Imports

Imports in Asia

In 2022, supplies from abroad of embroidery (without visible ground) in the piece decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, embroidery imports fell dramatically to $X in 2022. Over the period under review, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%). The following importers - China (X tons), Cambodia (X tons), Japan (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Syrian Arab Republic (X tons), Yemen (X tons) and Iran (X tons) - together made up X% of total imports.

Turkey was also the fastest-growing in terms of the embroidery (without visible ground) in the piece imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Syrian Arab Republic (X%), Yemen (X%), Malaysia (X%) and Iran (X%) displayed positive paces of growth. By contrast, Japan (X%), Cambodia (X%), China (X%), the United Arab Emirates (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Bangladesh (X p.p.) and Syrian Arab Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Japan, Cambodia, China, Hong Kong SAR and the United Arab Emirates saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest embroidery importing markets in Asia were Turkey ($X), Hong Kong SAR ($X) and China ($X), together comprising X% of total imports.

Among the main importing countries, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform