Southern Asia: Woolen Yarn Market 2024

Woolen Yarn Market Size in Southern Asia

The South Asian woolen yarn market rose slightly to $X in 2022, growing by X% against the previous year. Overall, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Woolen Yarn Production in Southern Asia

In value terms, woolen yarn production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Woolen Yarn Exports

Exports in Southern Asia

In 2022, the amount of yarn of wool exported in Southern Asia surged to X tons, growing by X% compared with 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, woolen yarn exports skyrocketed to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of yarn of wool, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the yarn of wool exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest woolen yarn supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Woolen Yarn Imports

Imports in Southern Asia

In 2022, purchases abroad of yarn of wool increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, woolen yarn imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Bangladesh represented the largest importing country with an import of around X tons, which accounted for X% of total imports. India (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%), Nepal (X%) and Sri Lanka (X%). Afghanistan (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the yarn of wool imports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Afghanistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%), Nepal (X%) and Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka, Nepal and Pakistan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported yarn of wool in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Nepal ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh totaled X%. In the other countries, the average annual rates were as follows: Nepal (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Nepal ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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