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

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

After three years of decline, the Asia-Pacific market for coconut, abaca, ramie and other vegetable textile fibres increased by X% to $X in 2022. Over the period under review, consumption, however, saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

India (X tons) remains the largest coconut, abaca, ramie and other vegetable textile fibre producing country in Asia-Pacific, 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. Indonesia (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in India was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Sri Lanka (X% per year) and Indonesia (X% per year).

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Asia-Pacific contracted modestly to X tons per ha, reducing by X% compared with 2021. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by X%. Over the period under review, the yield of coconut, abaca, ramie and other vegetable textile fibres attained the maximum level at X tons per ha in 2021, and then declined 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 harvested area of coconut, abaca, ramie and other vegetable textile fibres in Asia-Pacific expanded modestly to X ha, surging by X% on the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production attained the maximum 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-Pacific

In 2022, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a resilient increase 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%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres shrank sharply to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

India represented the major exporting country with an export of about X tons, which resulted at X% of total exports. Sri Lanka (X tons) took the second position in the ranking, distantly followed by the Philippines (X tons). All these countries together held near X% share of total exports. Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) held a minor share 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-Pacific, 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. While the share of India (X p.p.) and 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.), Sri Lanka (X p.p.) and Vietnam (X p.p.) displayed negative dynamics.

In value terms, India ($X), Sri Lanka ($X) and the Philippines ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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-Pacific stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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 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-Pacific

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were imported in Asia-Pacific; shrinking by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres reduced to $X in 2022. The total import value 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 most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

China (X tons) represented roughly X% of total imports in 2022.

China was also the fastest-growing in terms of the coconut, abaca, ramie and other vegetable textile fibres imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers 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-Pacific.

In China, imports of coconut, abaca, ramie and other vegetable textile fibres remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, 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 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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