South-Eastern Asia: Textile Flock Market 2024

Textile Flock Market Size in South-Eastern Asia

The Southeast Asian textile flock market stood at $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Textile Flock Production in South-Eastern Asia

In value terms, textile flock production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Textile Flock Exports

Exports in South-Eastern Asia

In 2023, the amount of textile flock and dust and mill neps exported in South-Eastern Asia reached X tons, growing by X% on 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, textile flock exports expanded remarkably to $X in 2023. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

In 2023, Thailand (X tons) represented the main exporter of textile flock and dust and mill neps, constituting X% of total exports. It was distantly followed by Indonesia (X tons), comprising a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Thailand, textile flock exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia stood at $X per ton.

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

Textile Flock Imports

Imports in South-Eastern Asia

Textile flock imports reduced slightly to X tons in 2023, falling by X% on 2022 figures. Total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, textile flock imports surged to $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

Thailand represented the key importer of textile flock and dust and mill neps in South-Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. Vietnam (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Cambodia (X%) and Malaysia (X%). The Philippines (X tons) and Myanmar (X tons) took a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Vietnam (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Cambodia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Thailand, Indonesia and Myanmar increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported textile flock and dust and mill neps in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

In Thailand, textile flock imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, textile flock import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform