Global Quilted Textile Products Market 2024

Quilted Textile Products Market Size

The global quilted textile products market expanded remarkably to $X in 2021, increasing by 6.9% against the previous year. Overall, consumption saw a strong expansion. Over the period under review, the global market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Quilted Textile Products Production

In value terms, quilted textile products production expanded modestly to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +108.5% against 2012 indices. The growth pace was the most rapid in 2014 when the production volume increased by 20% against the previous year. Global production peaked in 2021 and is expected to retain growth in the immediate term.

Quilted Textile Products Exports

Exports

For the third year in a row, the global market recorded growth in shipments abroad of quilted textile products in the piece (excluding embroidery), which increased by 26% to X tons in 2021. In general, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.2% against 2018 indices. The global exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, quilted textile products exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable contraction. Over the period under review, the global exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 60% of total exports in 2021. It was distantly followed by the United States (X tons), making up a 6.1% share of total exports. South Korea (X tons), Belgium (X tons), Italy (X tons), Turkey (X tons), the Netherlands (X tons), Slovakia (X tons), Malaysia (X tons), Poland (X tons) and Bulgaria (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to quilted textile products exports from China stood at +15.8%. At the same time, South Korea (+21.3%), Bulgaria (+10.6%), Italy (+10.5%), the Netherlands (+9.3%), Malaysia (+6.7%) and Belgium (+6.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.3% from 2012-2021. By contrast, the United States (-1.7%), Turkey (-7.3%), Poland (-7.4%) and Slovakia (-16.0%) illustrated a downward trend over the same period. While the share of China (+42 p.p.), Belgium (+2.9 p.p.), South Korea (+2.5 p.p.), Italy (+2.4 p.p.), the Netherlands (+1.7 p.p.), Slovakia (+1.7 p.p.), Poland (+1.7 p.p.) and Bulgaria (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-1.8 p.p.) and Turkey (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest quilted textile products supplier worldwide, comprising 40% of global exports. The second position in the ranking was held by Italy ($X), with a 7.5% share of global exports. It was followed by the United States, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +15.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+32.3% per year) and the United States (-3.9% per year).

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, approximately equating the previous year. In general, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 an increase of 23%. The global export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.8%), while the other global leaders experienced more modest paces of growth.

Quilted Textile Products Imports

Imports

In 2021, the amount of quilted textile products in the piece (excluding embroidery) imported worldwide soared to X tons, increasing by 19% against the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.5% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 30%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of global imports remained at a somewhat lower figure.

In value terms, quilted textile products imports surged to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.1% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt (X tons) and Russia (X tons) were the major importers of quilted textile products in the piece (excluding embroidery) in 2021, recording near 16% and 12% of total imports, respectively. It was distantly followed by Brazil (X tons) and Morocco (X tons), together constituting a 12% share of total imports. Peru (X tons), Mexico (X tons), Bangladesh (X tons), Ukraine (X tons), China (X tons), Spain (X tons), Croatia (X tons), Japan (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +98.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported quilted textile products in the piece (excluding embroidery) worldwide, comprising 23% of global imports. The second position in the ranking was held by Russia ($X), with a 6.2% share of global imports. It was followed by Mexico, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt stood at +24.8%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+19.9% per year) and Mexico (-2.9% per year).

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, surging by 3% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+24.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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