Asia: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Asia

The Asian hand-woven tapestry market expanded markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a noticeable 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hand-Woven Tapestry Production in Asia

In value terms, hand-woven tapestry production expanded significantly to $X in 2022 estimated in export price. The total production indicated a prominent 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Hand-Woven Tapestry Exports

Exports in Asia

After four years of decline, overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by X% to X square meters in 2022. Overall, exports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-woven tapestry exports dropped to $X in 2022. Over the period under review, exports posted a mild expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters) and India (X square meters) were the major exporters of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in 2022, amounting to approx. X% and X% of total exports, respectively. Thailand (X square meters) ranks next in terms of the total exports with a X% share, followed by the United Arab Emirates (X%). Hong Kong SAR (X square meters) followed a long way behind the leaders.

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

In value terms, India ($X), China ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Hong Kong SAR and Thailand lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, 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 square meter in 2022, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

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

Hand-Woven Tapestry Imports

Imports in Asia

In 2022, overseas purchases of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais were finally on the rise to reach X square meters for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hand-woven tapestry imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Uzbekistan (X square meters) was the key importer of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, constituting X% of total imports. South Korea (X square meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%) and Myanmar (X%). Thailand (X square meters), India (X square meters), Kuwait (X square meters), Iran (X square meters) and Lao People's Democratic Republic (X square meters) held a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais imports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%), Myanmar (X%), the United Arab Emirates (X%), Kuwait (X%), Thailand (X%) and South Korea (X%) displayed positive paces of growth. Iran experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.), Myanmar (X p.p.), the United Arab Emirates (X p.p.), South Korea (X p.p.), Kuwait (X p.p.), Thailand (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), South Korea ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Uzbekistan, India, Kuwait, Myanmar, Iran and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per square meter in 2022, reducing by X% against the previous year. In general, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the import prices failed to regain momentum.

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 Thailand ($X per square meter), while Uzbekistan ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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