ASEAN: Cotton Fabric Market 2024

Cotton Fabric Market Size in ASEAN

After two years of growth, the ASEAN cotton fabric market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Cotton Fabric Production in ASEAN

In value terms, cotton fabric production reached $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Cotton Fabric Exports

Exports in ASEAN

After two years of growth, overseas shipments of woven fabrics of cotton decreased by X% to X square meters in 2023. Overall, exports saw a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, cotton fabric exports dropped to $X in 2023. In general, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Thailand (X square meters), Vietnam (X square meters) and Indonesia (X square meters) represented the major exporter of woven fabrics of cotton in ASEAN, committing X% of total export. It was distantly followed by Malaysia (X square meters), constituting an X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per square meter, almost unchanged from the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2023, 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 Vietnam ($X per square meter), while Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Cotton Fabric Imports

Imports in ASEAN

In 2023, after two years of growth, there was significant decline in supplies from abroad of woven fabrics of cotton, when their volume decreased by X% to X square meters. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X square meters, and then shrank in the following year.

In value terms, cotton fabric imports shrank to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Vietnam (X square meters) was the major importer of woven fabrics of cotton, generating X% of total imports. It was distantly followed by Indonesia (X square meters), Cambodia (X square meters), Myanmar (X square meters) and Thailand (X square meters), together achieving a X% share of total imports. The following importers - the Philippines (X square meters) and Malaysia (X square meters) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cotton fabric imports into Vietnam stood at X%. At the same time, Myanmar (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, the Philippines (X%), Thailand (X%), Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Cambodia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Indonesia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam totaled X%. 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

In 2023, the import price in ASEAN amounted to $X per square meter, falling by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per square meter), while Myanmar ($X per square meter) 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