Eastern Asia: Cotton Fabric Market 2024

Cotton Fabric Market Size in Eastern Asia

The East Asian cotton fabric market soared to $X in 2023, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Cotton Fabric Production in Eastern Asia

In value terms, cotton fabric production expanded to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

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Cotton Fabric Exports

Exports in Eastern Asia

In 2023, cotton fabric exports in Eastern Asia fell to X square meters, declining by X% on 2022. Over the period under review, exports showed a mild decrease. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, cotton fabric exports plummeted to $X in 2023. In general, exports continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X square meters, which was approx. X% of total exports in 2023. South Korea (X square meters) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of woven fabrics of cotton. South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cotton fabric supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

In China, cotton fabric exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2023, falling by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while China amounted to $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Cotton Fabric Imports

Imports in Eastern Asia

In 2023, supplies from abroad of woven fabrics of cotton was finally on the rise to reach X square meters for the first time since 2018, thus ending a four-year declining trend. In general, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, cotton fabric imports reduced to $X in 2023. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X square meters) and China (X square meters) represented the largest importers of woven fabrics of cotton in 2023, recording approx. X% and X% of total imports, respectively. Japan (X square meters) ranks next in terms of the total imports with a X% share, followed by Hong Kong SAR (X%). Taiwan (Chinese) (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), South Korea ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per square meter, shrinking by X% against the previous year. Over the period under review, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform