Thailand: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Thailand

The Thai tufted textile fabric market shrank to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Tufted Textile Fabric Production in Thailand

In value terms, tufted textile fabric production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a dramatic slump. Tufted textile fabric production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Tufted Textile Fabric Exports

Exports from Thailand

In 2022, overseas shipments of tufted textile fabrics decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters, and then shrank in the following year.

In value terms, tufted textile fabric exports dropped significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Myanmar (X square meters) was the main destination for tufted textile fabric exports from Thailand, with a X% share of total exports. Moreover, tufted textile fabric exports to Myanmar exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X square meters), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Japan (X% per year).

In value terms, Myanmar ($X) remains the key foreign market for tufted textile fabrics exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Japan (X% per year).

Export Prices by Country

The average tufted textile fabric export price stood at $X per square meter in 2022, falling by X% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Lao People's Democratic Republic ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Textile Fabric Imports

Imports into Thailand

In 2022, overseas purchases of tufted textile fabrics increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tufted textile fabric imports stood at $X in 2022. Overall, imports, however, showed a pronounced contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X square meters) and China (X square meters) were the main suppliers of tufted textile fabric imports to Thailand.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%).

In value terms, Japan ($X) constituted the largest supplier of tufted textile fabrics to Thailand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled X%.

Import Prices by Country

The average tufted textile fabric import price stood at $X per square meter in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a lower figure.

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 Japan ($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 China (X%).

Source: IndexBox Platform

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