Overview of the Global Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres

For the fourth year in a row, the global market for coconut, abaca, ramie and other vegetable textile fibres recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Global production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest coconut, abaca, ramie and other vegetable textile fibre producing country worldwide, comprising approx. X% of total volume. Moreover, production of coconut, abaca, ramie and other vegetable textile fibres in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), threefold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in India was relatively modest. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Indonesia (X% per year).

In 2022, the global average yield of coconut, abaca, ramie and other vegetable textile fibres contracted modestly to X tons per ha, approximately reflecting 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the average yield of coconut, abaca, ramie and other vegetable textile fibres hit record highs at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconut, abaca, ramie and other vegetable textile fibres production worldwide reached X ha, approximately reflecting 2021. Overall, the harvested area, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports

In 2022, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant expansion 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, exports increased by X% against 2012 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 tons, and then fell in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres fell significantly to $X in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

India represented the main exporter of coconut, abaca, ramie and other vegetable textile fibres in the world, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sri Lanka (X tons) and the Philippines (X tons), together achieving a X% share of total exports. The following exporters - Vietnam (X tons), Thailand (X tons), Belgium (X tons), Brazil (X tons) and Kenya (X tons) - each recorded an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coconut, abaca, ramie and other vegetable textile fibre exports from India stood at X%. At the same time, Belgium (X%), the Philippines (X%), Kenya (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), the Philippines (X p.p.) and Belgium (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (X p.p.), Sri Lanka (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre supplying countries worldwide were India ($X), Sri Lanka ($X) and Kenya ($X), together comprising X% of global exports. Brazil, the Philippines, Vietnam, Belgium and Thailand lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The global export price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports

In 2022, after three years of growth, there was significant decline in purchases abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by X% to X tons. The total import 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 was the most pronounced in 2014 with an increase of X% against the previous year. Global imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres declined to $X in 2022. Overall, total imports indicated a pronounced 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, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, global imports of attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

China prevails in fibres structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United States (X tons), mixing up an X% share of total imports. The UK (X tons), Spain (X tons), the Netherlands (X tons), the United Arab Emirates (X tons), Canada (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to coconut, abaca, ramie and other vegetable textile fibre imports into China stood at X%. At the same time, the United Arab Emirates (X%), Canada (X%), the UK (X%), the United States (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. From 2012 to 2022, the share of China decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

In China, imports of coconut, abaca, ramie and other vegetable textile fibres remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and the UK (X% per year).

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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