ASEAN: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in ASEAN

The ASEAN hand-woven tapestry market contracted to $X in 2022, reducing by X% against the previous year. In general, consumption posted strong growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Hand-Woven Tapestry Production in ASEAN

In value terms, hand-woven tapestry production stood at $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hand-Woven Tapestry Exports

Exports in ASEAN

In 2022, shipments abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by X% to X square meters, rising for the third year in a row after two years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hand-woven tapestry exports shrank rapidly to $X in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, reaching X square meters, which was approx. X% of total exports in 2022. The following exporters - the Philippines (X square meters), Indonesia (X square meters) and Malaysia (X square meters) - together made up X% of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Malaysia increased by X and X percentage points, respectively.

In value terms, the Philippines ($X) remains the largest hand-woven tapestry supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

In the Philippines, hand-woven tapestry exports shrank by 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: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per square meter in 2022, dropping by X% against the previous year. In general, the export price faced a abrupt slump. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 the Philippines ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Hand-Woven Tapestry Imports

Imports in ASEAN

In 2022, imports of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in ASEAN skyrocketed to X square meters, picking up by X% against 2021 figures. Over the period under review, imports, however, showed a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hand-woven tapestry imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X square meters) was the key importer of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, creating X% of total imports. Thailand (X square meters) ranks second in terms of the total imports with a X% share, followed by Lao People's Democratic Republic (X%). The following importers - Malaysia (X square meters) and Singapore (X square meters) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in ASEAN, comprising X% of total imports. The second position in the ranking was held by Myanmar ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per square meter, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per square meter), while Lao People's Democratic Republic ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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