South-Eastern Asia: Cotton Fabric Market 2024

Cotton Fabric Market Size in South-Eastern Asia

In 2023, the Southeast Asian cotton fabric market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Cotton Fabric Production in South-Eastern Asia

In value terms, cotton fabric production reached $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Cotton Fabric Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of woven fabrics of cotton decreased by X% to X square meters in 2023. Over the period under review, exports showed a pronounced decrease. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, cotton fabric exports contracted to $X in 2023. Overall, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Thailand (X square meters), Vietnam (X square meters) and Indonesia (X square meters), together amounting to X% of total export. It was distantly followed by Malaysia (X square meters), committing an X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest cotton fabric supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per square meter, flattening at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Cotton Fabric Imports

Imports in South-Eastern Asia

After two years of growth, overseas purchases of woven fabrics of cotton decreased by X% to X square meters in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X square meters, and then shrank in the following year.

In value terms, cotton fabric imports fell to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Vietnam represented the largest importer of woven fabrics of cotton in South-Eastern Asia, with the volume of imports amounting to X square meters, which was approx. X% of total imports in 2023. Indonesia (X square meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%), Myanmar (X%) and Thailand (X%). The following importers - the Philippines (X square meters) and Malaysia (X square meters) - each accounted for a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cotton fabric imports into Vietnam stood at X%. At the same time, Myanmar (X%) and Cambodia (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, the Philippines (X%), Thailand (X%), Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Cambodia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported woven fabrics of cotton in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Cambodia, with an X% share.

In Vietnam, cotton fabric imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2023, which is down by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform