Asia: Flax Fabric Market 2024

Flax Fabric Market Size in Asia

In 2022, the Asian flax fabric market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption posted a significant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted markedly in the following year.

Flax Fabric Production in Asia

In value terms, flax fabric production surged to $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Flax Fabric Exports

Exports by Country

China prevails in exports structure, finishing at X square meters, which was approx. X% of total exports in 2022. Turkey (X square meters) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - Hong Kong SAR (X square meters) and South Korea (X square meters) - each finished at a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2015 to 2022. At the same time, Turkey (X%), India (X%), South Korea (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2015-2022. China (X p.p.), Turkey (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest flax fabric supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In China, flax fabric exports increased at an average annual rate of X% over the period from 2015-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per square meter, increasing by X% against the previous year. In general, the export price, however, faced a sharp reduction. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X,754 per square meter in 2015; however, from 2016 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 ($X per square meter), while South Korea ($X per square meter) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Flax Fabric Imports

Imports in Asia

After two years of growth, purchases abroad of woven fabrics of flax decreased by X% to X square meters in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2021, and then dropped modestly in the following year.

In value terms, flax fabric imports contracted to $X in 2022. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of flax fabric imports in 2022 were Vietnam (X square meters), Turkey (X square meters), Afghanistan (X square meters), Indonesia (X square meters), India (X square meters) and Sri Lanka (X square meters), together finishing at X% of total import. It was distantly followed by China (X square meters), achieving a X% share of total imports. The following importers - Japan (X square meters), South Korea (X square meters), Myanmar (X square meters), Hong Kong SAR (X square meters), Bangladesh (X square meters) and Thailand (X square meters) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of X.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flax fabric importing markets in Asia were Afghanistan ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports. Turkey, India, China, Sri Lanka, South Korea, Japan, Hong Kong SAR, Thailand, Bangladesh and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 amounted to $X per square meter, shrinking by X% against the previous year. Overall, the import price showed a dramatic setback. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X,122 per square meter in 2012; however, from 2013 to 2022, 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 Afghanistan ($X per square meter), while Myanmar ($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 South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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