India: Textile Wadding Market 2024

Textile Wadding Market Size in India

The Indian textile wadding market shrank modestly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a abrupt contraction. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. Textile wadding consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Textile Wadding Production in India

In value terms, textile wadding production declined to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from India

Textile wadding exports from India surged to X tons in 2022, with an increase of X% on the year before. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, textile wadding exports soared to $X in 2022. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of textile wadding exports from India, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from India, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

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

Textile Wadding Imports

Imports into India

For the ninth consecutive year, India recorded growth in supplies from abroad of wadding of textile materials and articles thereof, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, textile wadding imports surged to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of textile wadding imports to India, with a combined X% share of total imports. The Netherlands, Vietnam, Italy, the United States, South Korea, Indonesia, Turkey, Germany and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest textile wadding suppliers to India were Thailand ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports. Japan, South Korea, Indonesia, the United States, Germany, Vietnam, Italy, Turkey and the UK lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the UK ($X per ton) 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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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