ASEAN: Market for Bed Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Bed Linen Of Knitted Or Crocheted Textiles in ASEAN

The ASEAN market for bed linen of knitted or crocheted textiles shrank to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Bed Linen Of Knitted Or Crocheted Textiles in ASEAN

In value terms, production of bed linen of knitted or crocheted textiles amounted to $X in 2023 estimated in export price. The total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Bed Linen Of Knitted Or Crocheted Textiles

Exports in ASEAN

After two years of decline, overseas shipments of bed linen of knitted or crocheted textiles increased by X% to X tons in 2023. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of bed linen of knitted or crocheted textiles soared to $X in 2023. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Vietnam (X tons) represented the key exporter of bed linen of knitted or crocheted textiles, generating X% of total exports. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together mixing up an X% share of total exports. Cambodia (X tons) and Thailand (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the bed linen of knitted or crocheted textiles exports, with a CAGR of X% from 2012 to 2023. At the same time, Cambodia (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest bed linen of knitted or crocheted textiles supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

In Vietnam, exports of bed linen of knitted or crocheted textiles increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Bed Linen Of Knitted Or Crocheted Textiles

Imports in ASEAN

Imports of bed linen of knitted or crocheted textiles declined to X tons in 2023, with a decrease of X% compared with the previous year's figure. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of bed linen of knitted or crocheted textiles fell markedly to $X in 2023. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia was the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Singapore (X tons), Vietnam (X tons), Myanmar (X tons) and Indonesia (X tons), together creating a X% share of total imports. The following importers - the Philippines (X tons) and Thailand (X tons) - together made up X% of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Myanmar (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia, Vietnam, Myanmar and Thailand increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

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

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform