Asia-Pacific: Woolen Fabric Market 2024

Woolen Fabric Market Size in Asia-Pacific

The Asia-Pacific woolen fabric market shrank to $X in 2023, with a decrease of X% against the previous year. Overall, consumption showed a noticeable decline. The growth pace was the most rapid in 2022 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Woolen Fabric Production in Asia-Pacific

In value terms, woolen fabric production contracted modestly to $X in 2023 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Woolen Fabric Exports

Exports in Asia-Pacific

In 2023, shipments abroad of woven woolen fabrics decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, woolen fabric exports shrank to $X in 2023. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

China represented the major exporting country with an export of around X square meters, which recorded X% of total exports. Japan (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%). India (X square meters) and Hong Kong SAR (X square meters) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. India (X%), South Korea (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2023, reducing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2023, the export prices failed to regain momentum.

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

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

Woolen Fabric Imports

Imports in Asia-Pacific

After two years of growth, overseas purchases of woven woolen fabrics decreased by X% to X square meters in 2023. In general, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, woolen fabric imports totaled $X in 2023. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

China represented the largest importing country with an import of around X square meters, which reached X% of total imports. It was distantly followed by Vietnam (X square meters), Indonesia (X square meters), Japan (X square meters), South Korea (X square meters), India (X square meters) and Pakistan (X square meters), together constituting a X% share of total imports.

Imports into China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%), India (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%), Vietnam (X%) and Japan (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Pakistan (X p.p.), India (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported woven woolen fabrics in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per square meter in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per square meter in 2021; however, from 2022 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 ($X per square meter), while Pakistan ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform