Thailand: Flax Fabric Market 2024

Flax Fabric Market Size in Thailand

The Thai flax fabric market stood at $X in 2022, surging by X% against the previous year. In general, consumption showed a drastic downturn. Flax fabric consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Flax Fabric Production in Thailand

In value terms, flax fabric production surged to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Flax Fabric Exports

Exports from Thailand

After ten years of growth, shipments abroad of woven fabrics of flax decreased by X% to X square meters in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X square meters, and then declined dramatically in the following year.

In value terms, flax fabric exports fell significantly to $X in 2022. Overall, total exports indicated a measured increase 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 pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

The United States (X square meters) was the main destination for flax fabric exports from Thailand, with a X% share of total exports. Moreover, flax fabric exports to the United States exceeded the volume sent to the second major destination, the UK (X square meters), threefold. Lao People's Democratic Republic (X square meters) ranked third in terms of total exports with a X% share.

From 2020 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, the United States ($X) remains the key foreign market for woven fabrics of flax exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2020 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the average flax fabric export price amounted to $X per square meter, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to Lao People's Democratic Republic ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Fabric Imports

Imports into Thailand

After ten years of growth, supplies from abroad of woven fabrics of flax decreased by X% to X square meters in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters, and then reduced in the following year.

In value terms, flax fabric imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest flax fabric supplier to Thailand, accounting for a X% share of total imports. Moreover, flax fabric imports from China exceeded the figures recorded by the second-largest supplier, the UK (X square meters), more than tenfold. India (X square meters) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of flax to Thailand, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by the UK, with a X% share.

From 2020 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average flax fabric import price amounted to $X per square meter, picking up by X% against the previous year. Over the last two-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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