Asia: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Asia

In 2022, the Asian tufted textile fabric market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a perceptible contraction. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Tufted Textile Fabric Production in Asia

In value terms, tufted textile fabric production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Tufted Textile Fabric Exports

Exports in Asia

In 2022, the amount of tufted textile fabrics exported in Asia reduced to X square meters, with a decrease of X% on the previous year. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tufted textile fabric exports shrank to $X in 2022. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X square meters), generating an X% share of total exports. The following exporters - Turkey (X square meters) and Japan (X square meters) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tufted textile fabric exports from China stood at X%. At the same time, Turkey (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), China (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

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

In China, tufted textile fabric exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per square meter in 2022, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, 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 Japan ($X per square meter), while Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Tufted Textile Fabric Imports

Imports in Asia

After six years of growth, purchases abroad of tufted textile fabrics decreased by X% to X square meters in 2022. Overall, imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2021, and then dropped markedly in the following year.

In value terms, tufted textile fabric imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

Japan dominates imports structure, recording X square meters, which was approx. X% of total imports in 2022. Nepal (X square meters), Cambodia (X square meters), China (X square meters) and Vietnam (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tufted textile fabric imports into Japan stood at X%. At the same time, Nepal (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) and Vietnam (X%) illustrated a downward trend over the same period. Japan (X p.p.), Nepal (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while China and Vietnam saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported tufted textile fabrics in Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Asia stood at $X per square meter in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per square meter), while Cambodia ($X per square meter) 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

Frequently Asked Questions (FAQ) :