ASEAN: Textile Wadding Market 2024

Textile Wadding Market Size in ASEAN

The ASEAN textile wadding market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Textile Wadding Production in ASEAN

In value terms, textile wadding production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Textile Wadding Exports

Exports in ASEAN

For the fourth year in a row, ASEAN recorded growth in overseas shipments of wadding of textile materials and articles thereof, which increased by X% to X tons in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, textile wadding exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Thailand was the key exporter of wadding of textile materials and articles thereof in ASEAN, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%), Singapore (X%) and the Philippines (X%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to textile wadding exports from Thailand stood at X%. At the same time, the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Vietnam (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest textile wadding supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Vietnam, 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: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

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

Textile Wadding Imports

Imports in ASEAN

After two years of decline, purchases abroad of wadding of textile materials and articles thereof increased by X% to X tons in 2022. Total imports indicated a pronounced 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. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, textile wadding imports rose remarkably to $X in 2022. Total imports indicated a moderate 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Vietnam (X tons) and Myanmar (X tons) were the main importers of wadding of textile materials and articles thereof in 2022, recording approx. X% and X% of total imports, respectively. Indonesia (X tons) ranks next in terms of the total imports with an X% share, followed by Thailand (X%), the Philippines (X%), Cambodia (X%), Malaysia (X%) and Singapore (X%).

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, the largest textile wadding importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), with a combined X% share of total imports. Myanmar, the Philippines, Singapore, Malaysia and Cambodia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a slight downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 Indonesia ($X per ton), while Myanmar ($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

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