Thailand: Market for Woven Pile Fabrics And Chenille Fabrics 2022

Market Size for Woven Pile Fabrics And Chenille Fabrics in Thailand

In 2021, the Thai pile and chenille fabric market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Thailand

For the third consecutive year, Thailand recorded growth in overseas shipments of woven pile fabrics and chenille fabrics, which increased by X% to X tons in 2021. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons) was the main destination for pile and chenille fabric exports from Thailand, with a X% share of total exports. Moreover, pile and chenille fabric exports to Senegal exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and the United States (-X% per year).

In value terms, Senegal ($X) remains the key foreign market for pile and chenille fabric exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Senegal amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and the United States (-X% per year).

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Thailand

In 2021, overseas purchases of woven pile fabrics and chenille fabrics were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep slump. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, pile and chenille fabric imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main pile and chenille fabric supplier to Thailand, accounting for a X% share of total imports. It was followed by Turkey (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Belgium (-X% per year).

In value terms, China ($X) constituted the largest supplier of pile and chenille fabric to Thailand, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Belgium (-X% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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