Asia: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Asia

In 2023, the Asian market for non-woven, felt and coated textile garments decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Non-Woven, Felt and Coated Textile Garments in Asia

In value terms, production of non-woven, felt and coated textile garments stood at $X in 2023 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports in Asia

In 2023, the amount of non-woven, felt and coated textile garments exported in Asia expanded markedly to X units, growing by X% compared with 2022 figures. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of non-woven, felt and coated textile garments fell markedly to $X in 2023. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

China prevails in garments structure, amounting to X units, which was near X% of total exports in 2023. The following exporters - Vietnam (X units), Cambodia (X units) and Bangladesh (X units) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to non-woven, felt and coated textile garment exports from China stood at X%. At the same time, Bangladesh (X%), Cambodia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. China (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-woven, felt and coated textile garment supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, falling by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports in Asia

In 2023, overseas purchases of non-woven, felt and coated textile garments were finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of non-woven, felt and coated textile garments reached $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, Japan (X units) represented the main importer of non-woven, felt and coated textile garments, committing X% of total imports. South Korea (X units) held the second position in the ranking, followed by China (X units) and Turkey (X units). All these countries together held approx. X% share of total imports. The United Arab Emirates (X units), Hong Kong SAR (X units), Malaysia (X units), Taiwan (Chinese) (X units), Iraq (X units), Thailand (X units) and Bahrain (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to non-woven, felt and coated textile garment imports into Japan stood at X%. At the same time, China (X%), Thailand (X%), Bahrain (X%), Malaysia (X%), Taiwan (Chinese) (X%), Iraq (X%) and South Korea (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) and Turkey (X%) illustrated a downward trend over the same period. China (X p.p.), Japan (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Hong Kong SAR and Turkey saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported non-woven, felt and coated textile garments in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform