Asia-Pacific: Woolen Yarn Market 2024

Woolen Yarn Market Size in Asia-Pacific

The Asia-Pacific woolen yarn market declined slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Woolen Yarn Production in Asia-Pacific

In value terms, woolen yarn production dropped modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Woolen Yarn Exports

Exports in Asia-Pacific

In 2022, approx. X tons of yarn of wool were exported in Asia-Pacific; reducing by X% on the year before. Over the period under review, exports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, woolen yarn exports reduced to $X in 2022. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporting country with an export of around X tons, which recorded X% of total exports. India (X tons) took the second position in the ranking, distantly followed by Hong Kong SAR (X tons) and Thailand (X tons). All these countries together took approx. X% share of total exports. New Zealand (X tons), Vietnam (X tons) and South Korea (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and India (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. By contrast, South Korea (X%), New Zealand (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Thailand, China and Vietnam increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest woolen yarn supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with an X% share.

In China, woolen yarn exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 China ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 Yarn Imports

Imports in Asia-Pacific

In 2022, approx. X tons of yarn of wool were imported in Asia-Pacific; reducing by X% on 2021 figures. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, woolen yarn imports dropped to $X in 2022. Over the period under review, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons), distantly followed by Japan (X tons), China (X tons), Hong Kong SAR (X tons), Australia (X tons), Bangladesh (X tons), South Korea (X tons) and Thailand (X tons) represented the major importers of yarn of wool, together creating X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest woolen yarn importing markets in Asia-Pacific were Hong Kong SAR ($X), Vietnam ($X) and China ($X), with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a 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 Hong Kong SAR ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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