Asia-Pacific: Textile Flock Market 2024

Textile Flock Market Size in Asia-Pacific

The Asia-Pacific textile flock market reached $X in 2023, growing by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Textile Flock Production in Asia-Pacific

In value terms, textile flock production stood at $X in 2023 estimated in export price. The total production indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Textile Flock Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in overseas shipments of textile flock and dust and mill neps, which increased by X% to X tons in 2023. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in the near future.

In value terms, textile flock exports rose rapidly to $X in 2023. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Thailand (X tons) was the major exporter of textile flock and dust and mill neps, achieving X% of total exports. It was distantly followed by Japan (X tons), China (X tons), South Korea (X tons) and Indonesia (X tons), together comprising a X% share of total exports. India (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%), India (X%), China (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea, China and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest textile flock supplying countries in Asia-Pacific were Japan ($X), Thailand ($X) and China ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, 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 Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Textile Flock Imports

Imports in Asia-Pacific

For the eighth consecutive year, Asia-Pacific recorded growth in supplies from abroad of textile flock and dust and mill neps, which increased by X% to X tons in 2023. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, textile flock imports expanded significantly to $X in 2023. Total imports indicated noticeable growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in years to come.

Imports by Country

Japan represented the key importer of textile flock and dust and mill neps in Asia-Pacific, with the volume of imports recording X tons, which was near X% of total imports in 2023. China (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%). The following importers - Thailand (X tons), South Korea (X tons) and Vietnam (X tons) - together made up X% of total imports.

Japan was also the fastest-growing in terms of the textile flock and dust and mill neps imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%), India (X%), Thailand (X%) and China (X%) displayed positive paces of growth. By contrast, South Korea (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, South Korea and China saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported textile flock and dust and mill neps in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

In Japan, textile flock imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: China (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, 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 ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform