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

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

The Asia-Pacific market for non-woven, felt and coated textile garments stood at $X in 2023, approximately equating the previous year. In general, consumption posted a tangible increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

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

In value terms, production of non-woven, felt and coated textile garments reached $X in 2023 estimated in export price. In general, production recorded resilient growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. 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-Pacific

In 2023, exports of non-woven, felt and coated textile garments in Asia-Pacific totaled X units, growing by X% compared with the year before. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. 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 reduced remarkably to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

China prevails in garments structure, reaching X units, which was approx. 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-Pacific, with a CAGR of X% from 2012-2023. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, which is down by X% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2023, 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 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-Pacific

In 2023, purchases abroad of non-woven, felt and coated textile garments was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, imports posted a measured increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained 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 dropped to $X in 2023. Over the period under review, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, Japan (X units) represented the main importer of non-woven, felt and coated textile garments, making up X% of total imports. South Korea (X units) ranks second in terms of the total imports with a X% share, followed by China (X%), Australia (X%), Hong Kong SAR (X%) and Malaysia (X%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of X% from 2012 to 2023. At the same time, China (X%), Malaysia (X%), Taiwan (Chinese) (X%), Australia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Japan, imports of non-woven, felt and coated textile garments expanded at an average annual rate of X% over the period from 2012-2023. 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

In 2023, the import price in Asia-Pacific amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform