South-Eastern Asia: Embroidery Market 2024

Embroidery Market Size in South-Eastern Asia

The Southeast Asian embroidery market declined to $X in 2022, falling by X% against the previous year. The total consumption indicated a mild expansion 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Embroidery Production in South-Eastern Asia

In value terms, embroidery production reduced to $X in 2022 estimated in export price. In general, production, however, showed pronounced growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Embroidery Exports

Exports in South-Eastern Asia

After three years of decline, overseas shipments of embroidery (without visible ground) in the piece increased by X% to X tons in 2022. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, embroidery exports surged to $X in 2022. In general, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X tons) represented the main exporter of embroidery (without visible ground) in the piece, achieving X% of total exports. Indonesia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). Vietnam (X tons) took a minor share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest embroidery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Embroidery Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of embroidery (without visible ground) in the piece was finally on the rise to reach X tons after four years of decline. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, embroidery imports fell to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Cambodia (X tons) and Malaysia (X tons) were the key importers of embroidery (without visible ground) in the piece in 2022, finishing at near X% and X% of total imports, respectively. The Philippines (X tons) ranks next in terms of the total imports with an X% share, followed by Singapore (X%), Myanmar (X%) and Indonesia (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Cambodia ($X) constitutes the largest market for imported embroidery (without visible ground) in the piece in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

In Cambodia, embroidery imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped significantly in the following year.

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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform