Global Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size

The global narrow woven fabric market dropped to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a slight expansion 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, consumption increased by X% against 2020 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Production

In value terms, narrow woven fabric production declined modestly to $X in 2022 estimated in export price. Overall, production, however, recorded mild growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Narrow Woven Fabric Exports

Exports

Global narrow woven fabric exports declined slightly to X tons in 2022, approximately equating the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 tons, and then contracted in the following year.

In value terms, narrow woven fabric exports amounted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) represented the main exporter of narrow woven fabrics, mixing up X% of total exports. The United States (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X tons), South Korea (X tons), India (X tons), Turkey (X tons), Canada (X tons), Italy (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to narrow woven fabric exports from China stood at X%. At the same time, Vietnam (X%), Turkey (X%), Canada (X%), India (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (X%), the United States (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.), Hong Kong SAR (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest narrow woven fabric supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, narrow woven fabric exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average narrow woven fabric export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Canada ($X per ton) was amongst the lowest.

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

Narrow Woven Fabric Imports

Imports

In 2022, purchases abroad of narrow woven fabrics increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, narrow woven fabric imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The countries with the highest levels of narrow woven fabric imports in 2022 were the United States (X tons), Myanmar (X tons), Vietnam (X tons), India (X tons) and Bangladesh (X tons), together amounting to X% of total import. The following importers - Hong Kong SAR (X tons), Poland (X tons), Cambodia (X tons), Indonesia (X tons), Germany (X tons), Canada (X tons), Russia (X tons) and Italy (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the United States ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Hong Kong SAR, Indonesia, Cambodia, India, Germany, Myanmar, Italy, Poland, Canada and Russia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average narrow woven fabric import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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