China: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in China

In 2021, after three years of growth, there was significant decline in the Chinese pile and chenille fabric market, when its value decreased by -X% to $X. Over the period under review, consumption showed a slight decline. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Production of Woven Pile Fabrics And Chenille Fabrics in China

In value terms, pile and chenille fabric production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from China

In 2021, overseas shipments of woven pile fabrics and chenille fabrics increased by X% to X tons, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, pile and chenille fabric exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), the United States (X tons) and Bangladesh (X tons) were the main destinations of pile and chenille fabric exports from China, with a combined X% share of total exports. These countries were followed by Poland, the UK, the United Arab Emirates, Mexico, Germany, Russia, Jordan, Italy, Indonesia and Egypt, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and Bangladesh ($X) appeared to be the largest markets for pile and chenille fabric exported from China worldwide, together comprising X% of total exports. These countries were followed by Poland, the UK, Mexico, Russia, Germany, the United Arab Emirates, Italy, Jordan, Indonesia and Egypt, which together accounted for a further X terms of the main countries of destination, Poland, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, surging by X% against the previous year. In general, the export price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-X%), while the prices for the other major destinations experienced a decline.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into China

In 2021, pile and chenille fabric imports into China totaled X tons, rising by X% on the previous year. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pile and chenille fabric imports rose notably to $X in 2021. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of pile and chenille fabric to China, with a X% share of total imports. Moreover, pile and chenille fabric imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Italy (+X% per year).

In value terms, Japan ($X) constituted the largest supplier of pile and chenille fabric to China, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and South Korea (-X% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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