Southern Asia: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Southern Asia

The South Asian quilted textile products market totaled $X in 2021, picking up by 3% against the previous year. Over the period under review, consumption enjoyed a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Quilted Textile Products Production in Southern Asia

In value terms, quilted textile products production amounted to $X in 2021 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2017 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Quilted Textile Products Exports

Exports in Southern Asia

In 2021, approx. X tons of quilted textile products in the piece (excluding embroidery) were exported in Southern Asia; with an increase of 153% against 2020 figures. In general, exports, however, continue to indicate a abrupt descent. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, quilted textile products exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India represented the largest exporting country with an export of about X tons, which reached 43% of total exports. It was distantly followed by Sri Lanka (X tons), Pakistan (X tons) and Bangladesh (X tons), together comprising a 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +9.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, India ($X) remains the largest quilted textile products supplier in Southern Asia, comprising 65% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 19% share of total exports. It was followed by Bangladesh, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at -7.9%. In the other countries, the average annual rates were as follows: Sri Lanka (+1.0% per year) and Bangladesh (+9.8% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, quilted textile products export price increased by +82.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Quilted Textile Products Imports

Imports in Southern Asia

In 2021, the amount of quilted textile products in the piece (excluding embroidery) imported in Southern Asia skyrocketed to X tons, rising by 55% compared with 2020. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, quilted textile products imports surged to $X in 2021. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bangladesh (X tons) was the major importer of quilted textile products in the piece (excluding embroidery), achieving 61% of total imports. Pakistan (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by India (7.3%) and Sri Lanka (4.9%).

Bangladesh was also the fastest-growing in terms of the quilted textile products in the piece (excluding embroidery) imports, with a CAGR of +28.1% from 2012 to 2021. At the same time, Pakistan (+24.8%), Sri Lanka (+18.5%) and India (+6.3%) displayed positive paces of growth. Bangladesh (+20 p.p.) and Pakistan (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and India saw its share reduced by -1.7% and -18.8% from 2012 to 2021, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported quilted textile products in the piece (excluding embroidery) in Southern Asia, comprising 60% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports. It was followed by Pakistan, with a 13% share.

In Bangladesh, quilted textile products imports expanded at an average annual rate of +19.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+4.7% per year) and Pakistan (+16.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 10% against the previous year. In general, the import price, however, continues to indicate a deep slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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