India: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in India

After six years of growth, the Indian pile and chenille fabric market decreased by -X% to $X in 2021. Over the period under review, consumption recorded prominent growth. Pile and chenille fabric consumption peaked at $X in 2020, and then contracted in the following year.

Production of Woven Pile Fabrics And Chenille Fabrics in India

In value terms, pile and chenille fabric production dropped to $X in 2021 estimated in export price. In general, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from India

After two years of decline, overseas shipments of woven pile fabrics and chenille fabrics increased by X% to X tons in 2021. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), Trinidad and Tobago (X tons) and the United States (X tons) were the main destinations of pile and chenille fabric exports from India, with a combined X% share of total exports. Bangladesh, the UK, Guyana, Sri Lanka and Nepal lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Guyana (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pile and chenille fabric exported from India were the United States ($X), Bangladesh ($X) and the UK ($X), with a combined X% share of total exports. These countries were followed by Belgium, Sri Lanka, Nepal, Trinidad and Tobago and Guyana, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Bangladesh (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into India

In 2021, purchases abroad of woven pile fabrics and chenille fabrics increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate modest growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, pile and chenille fabric imports skyrocketed to $X in 2021. In general, imports saw a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest pile and chenille fabric supplier to India, with a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the UK (+X% per year).

In value terms, China ($X) constituted the largest supplier of pile and chenille fabric to India, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, with an increase of 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 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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