Southern Asia: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Southern Asia

After six years of growth, the South Asian non-cotton terry towelling market decreased by X% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then declined notably in the following year.

Non-Cotton Terry Towelling Production in Southern Asia

In value terms, non-cotton terry towelling production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Non-Cotton Terry Towelling Exports

Exports in Southern Asia

Non-cotton terry towelling exports surged to X square meters in 2022, growing by X% against the previous year's figure. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cotton terry towelling exports skyrocketed to $X in 2022. In general, exports continue to indicate a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Pakistan represented the major exporting country with an export of around X square meters, which accounted for X% of total exports. It was distantly followed by India (X square meters), achieving a X% share of total exports. Bangladesh (X square meters) held a relatively small share of total exports.

Exports from Pakistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and India (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest non-cotton terry towelling supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In Pakistan, non-cotton terry towelling exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per square meter), while Bangladesh ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the export price figures.

Non-Cotton Terry Towelling Imports

Imports in Southern Asia

In 2022, approx. X square meters of terry towelling (excluding of cotton) were imported in Southern Asia; with an increase of X% on the previous year. Overall, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cotton terry towelling imports soared to $X in 2022. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sri Lanka (X square meters) was the major importer of terry towelling (excluding of cotton), mixing up X% of total imports. It was distantly followed by Maldives (X square meters), constituting a X% share of total imports. The following importers - Afghanistan (X square meters) and India (X square meters) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-cotton terry towelling imports into Sri Lanka stood at X%. At the same time, India (X%), Afghanistan (X%) and Maldives (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Sri Lanka increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) constitutes the largest market for imported terry towelling (excluding of cotton) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Sri Lanka, non-cotton terry towelling imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per square meter, declining by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per square meter in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 India ($X per square meter), while Afghanistan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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