ASEAN: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in ASEAN

The ASEAN narrow woven fabric market fell modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Narrow Woven Fabric Production in ASEAN

In value terms, narrow woven fabric production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports in ASEAN

In 2022, overseas shipments of narrow woven fabrics increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated prominent growth 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, narrow woven fabric exports contracted to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The biggest shipments were from Vietnam (X tons), the Philippines (X tons) and Thailand (X tons), together resulting at X% of total export. Indonesia (X tons) took the next position in the ranking, followed by Malaysia (X tons). All these countries together took approx. X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest narrow woven fabric supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In Vietnam, narrow woven fabric exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 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 Singapore ($X per ton), while the Philippines ($X per ton) 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.

Narrow Woven Fabric Imports

Imports in ASEAN

In 2022, the amount of narrow woven fabrics imported in ASEAN was estimated at X tons, with an increase of X% against the previous year. Total imports indicated a prominent 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, narrow woven fabric imports stood at $X in 2022. Total imports indicated a strong 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Myanmar (X tons) and Vietnam (X tons) were the key importers of narrow woven fabrics in ASEAN, together reaching approx. X% of total imports. Cambodia (X tons) held the next position in the ranking, followed by Indonesia (X tons), Thailand (X tons) and the Philippines (X tons). All these countries together held approx. X% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported narrow woven fabrics in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

In Vietnam, narrow woven fabric imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. 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 ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :