India: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in India

The Indian tufted textile fabric market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Tufted Textile Fabric Production in India

In value terms, tufted textile fabric production reached $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Tufted Textile Fabric Exports

Exports from India

In 2022, after five years of decline, there was significant growth in shipments abroad of tufted textile fabrics, when their volume increased by X% to X square meters. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, tufted textile fabric exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X square meters), Argentina (X square meters) and France (X square meters) were the main destinations of tufted textile fabric exports from India, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of X.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Argentina ($X) and France ($X) appeared to be the largest markets for tufted textile fabric exported from India worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of X.6%, recorded 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

In 2022, the average tufted textile fabric export price amounted to $X per square meter, picking up by X% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tufted textile fabric export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Textile Fabric Imports

Imports into India

Tufted textile fabric imports into India contracted rapidly to X square meters in 2022, shrinking by X% against the year before. In general, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tufted textile fabric imports contracted markedly to $X in 2022. Overall, imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) was the main tufted textile fabric supplier to India, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to India.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2022, the average tufted textile fabric import price amounted to $X per square meter, declining by X% against the previous year. Overall, the import price, however, posted a modest expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to X% per year.

Source: IndexBox Platform

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