Asia-Pacific: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Asia-Pacific

The Asia-Pacific non-cotton terry towelling market skyrocketed to $X in 2023, picking up by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2023: its value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Cotton Terry Towelling Production in Asia-Pacific

In value terms, non-cotton terry towelling production fell to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Cotton Terry Towelling Exports

Exports in Asia-Pacific

Non-cotton terry towelling exports was estimated at X square meters in 2023, surging by X% compared with 2022 figures. Total exports indicated tangible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X square meters in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, non-cotton terry towelling exports reached $X in 2023. Total exports indicated a remarkable increase from 2012 to 2023: its value 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. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, China (X square meters) represented the largest exporter of terry towelling (excluding of cotton), committing X% of total exports. Pakistan (X square meters) took the second position in the ranking, followed by India (X square meters) and Taiwan (Chinese) (X square meters). All these countries together held approx. X% share of total exports. South Korea (X square meters) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Taiwan (Chinese) (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, South Korea (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 2012-2023, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-cotton terry towelling supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports. It was followed by India, with an X% share.

In China, non-cotton terry towelling exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2023, with a decrease of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter, and then shrank slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Pakistan ($X per square meter) and India ($X per square meter), while China ($X per square meter) and Taiwan (Chinese) ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports in Asia-Pacific

Non-cotton terry towelling imports skyrocketed to X square meters in 2023, jumping by X% against the previous year's figure. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-cotton terry towelling imports surged to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

Imports by Country

Thailand dominates imports structure, resulting at X square meters, which was approx. X% of total imports in 2023. It was distantly followed by Vietnam (X square meters), creating a X% share of total imports.

Thailand was also the fastest-growing in terms of the terry towelling (excluding of cotton) imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. From 2012 to 2023, the share of Thailand increased by X percentage points.

In value terms, the largest non-cotton terry towelling importing markets in Asia-Pacific were Thailand ($X) and Vietnam ($X).

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Asia-Pacific stood at $X per square meter in 2023, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per square meter), while Thailand stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Source: IndexBox Platform