Asia-Pacific: Textile Wadding Market 2024

Textile Wadding Market Size in Asia-Pacific

The Asia-Pacific textile wadding market fell slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Textile Wadding Production in Asia-Pacific

In value terms, textile wadding production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Textile Wadding Exports

Exports in Asia-Pacific

In 2022, shipments abroad of wadding of textile materials and articles thereof increased by X% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, textile wadding exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the key exporting country with an export of around X tons, which amounted to X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%), Japan (X%) and South Korea (X%). The following exporters - Indonesia (X tons) and Vietnam (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to textile wadding exports from China stood at X%. At the same time, Vietnam (X%), Thailand (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), India (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Japan and China saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest textile wadding supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, 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.

Textile Wadding Imports

Imports in Asia-Pacific

In 2022, textile wadding imports in Asia-Pacific stood at X tons, rising 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; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, textile wadding imports declined modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 in 2021, and then shrank modestly in the following year.

Imports by Country

Japan represented the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by China (X tons), Vietnam (X tons), Myanmar (X tons), India (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together generating a X% share of total imports. Indonesia (X tons), Australia (X tons), Thailand (X tons), the Philippines (X tons), Hong Kong SAR (X tons) and Cambodia (X tons) took a minor share of total imports.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), India (X%), Indonesia (X%), Thailand (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam, Taiwan (Chinese) and China experienced a relatively flat trend pattern. By contrast, the Philippines (X%), South Korea (X%), Australia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.), Myanmar (X p.p.), India (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while China, Australia, South Korea and Hong Kong SAR saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Korea, India, Indonesia, Taiwan (Chinese), Thailand, Hong Kong SAR, Australia, Myanmar, the Philippines and Cambodia lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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