Southern Asia: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Southern Asia

The South Asian textile wall covering market contracted modestly to $X in 2023, dropping by X% against the previous year. The total consumption indicated notable growth from 2012 to 2023: its value 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, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Textile Wall Covering Production in Southern Asia

In value terms, textile wall covering production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Textile Wall Covering Exports

Exports in Southern Asia

Textile wall covering exports skyrocketed to X square meters in 2023, increasing by X% on the previous year. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, textile wall covering exports surged to $X in 2023. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

India prevails in exports structure, finishing at X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Nepal (X square meters), constituting a X% share of total exports.

India was also the fastest-growing in terms of the textile wall coverings exports, with a CAGR of X% from 2012 to 2023. Nepal (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nepal (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest textile wall covering supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Nepal ($X), with a X% share of total exports.

In India, textile wall covering 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 Southern Asia amounted to $X per square meter, remaining stable against the previous year. Overall, the export price, however, posted a slight increase. The most prominent rate of growth was recorded 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.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nepal ($X per square meter), while India totaled $X per square meter.

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

Textile Wall Covering Imports

Imports in Southern Asia

In 2023, overseas purchases of textile wall coverings increased by X% to X square meters, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, textile wall covering imports skyrocketed to $X in 2023. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, finishing at X square meters, which was approx. X% of total imports in 2023. Bhutan (X square meters) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to textile wall covering imports into India stood at X%. At the same time, Bhutan (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported textile wall coverings in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per square meter, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2016 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bhutan ($X per square meter), while India stood at $X per square meter.

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

Source: IndexBox Platform