Eastern Asia: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Eastern Asia

The East Asian narrow woven fabric market shrank to $X in 2022, declining by X% against the previous year. In general, consumption showed a mild contraction. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Production in Eastern Asia

In value terms, narrow woven fabric production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Narrow Woven Fabric Exports

Exports in Eastern Asia

Narrow woven fabric exports contracted slightly to X tons in 2022, which is down by X% against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, narrow woven fabric exports reached $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together comprising a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the narrow woven fabrics exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), South Korea and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest narrow woven fabric supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, narrow woven fabric exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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 Hong Kong SAR ($X per ton), while China ($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.

Narrow Woven Fabric Imports

Imports in Eastern Asia

Narrow woven fabric imports dropped rapidly to X tons in 2022, reducing by X% on the year before. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. 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, narrow woven fabric imports shrank remarkably to $X in 2022. Over the period under review, imports saw a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Hong Kong SAR (X tons) represented the key importer of narrow woven fabrics, creating X% of total imports. China (X tons) held the second position in the ranking, followed by Japan (X tons) and South Korea (X tons). All these countries together took approx. X% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while South Korea ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :