Thailand: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Thailand

In 2022, the Thai hand-woven tapestry market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Hand-Woven Tapestry Production in Thailand

In value terms, hand-woven tapestry production expanded remarkably to $X in 2022 estimated in export price. Overall, production enjoyed moderate growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Hand-woven tapestry production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Hand-Woven Tapestry Exports

Exports from Thailand

In 2022, overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by X% to X square meters, rising for the third consecutive year after two years of decline. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hand-woven tapestry exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X square meters) was the main destination for hand-woven tapestry exports from Thailand, with a X% share of total exports. Moreover, hand-woven tapestry exports to Myanmar exceeded the volume sent to the second major destination, Tanzania (X square meters), more than tenfold. Cote d'Ivoire (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Maldives (X% per year).

Export Prices by Country

The average hand-woven tapestry export price stood at $X per square meter in 2022, declining by X% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Cote d'Ivoire ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Woven Tapestry Imports

Imports into Thailand

After two years of decline, supplies from abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by X% to X square meters in 2022. In general, imports posted strong growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X square meters. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-woven tapestry imports soared to $X in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X square meters) constituted the largest hand-woven tapestry supplier to Thailand, with a X% share of total imports. Moreover, hand-woven tapestry imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Thailand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia was relatively modest.

Import Prices by Country

The average hand-woven tapestry import price stood at $X per square meter in 2022, surging by X% against the previous year. In general, the import price continues to indicate a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%).

Source: IndexBox Platform

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