Asia: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Asia

The Asian quilted textile products market reached $X in 2021, remaining constant against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Quilted Textile Products Production in Asia

In value terms, quilted textile products production stood at $X in 2021 estimated in export price. Over the period under review, production saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of 21%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Quilted Textile Products Exports

Exports in Asia

In 2021, approx. X tons of quilted textile products in the piece (excluding embroidery) were exported in Asia; picking up by 33% on 2020. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 195%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, quilted textile products exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 85% of total exports in 2021. South Korea (X tons), Turkey (X tons), Malaysia (X tons) and Japan (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to quilted textile products exports from China stood at +15.8%. At the same time, South Korea (+21.3%) and Malaysia (+6.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.3% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Turkey (-7.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and South Korea increased by +29 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest quilted textile products supplier in Asia, comprising 74% of total exports. The second position in the ranking was held by South Korea ($X), with a 7.1% share of total exports. It was followed by Japan, with a 5% share.

In China, quilted textile products exports increased at an average annual rate of +15.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+20.9% per year) and Japan (-3.8% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 when the export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.4%), while the other leaders experienced a decline in the export price figures.

Quilted Textile Products Imports

Imports in Asia

In 2021, the amount of quilted textile products in the piece (excluding embroidery) imported in Asia expanded markedly to X tons, picking up by 8.8% against the year before. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 23%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, quilted textile products imports expanded markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 15%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of quilted textile products imports in 2021 were Bangladesh (X tons), China (X tons), Japan (X tons), Vietnam (X tons), Pakistan (X tons), Turkey (X tons) and Democratic People's Republic of Korea (X tons), together recording 63% of total import. The following importers - Thailand (X tons), Singapore (X tons), Indonesia (X tons), the United Arab Emirates (X tons), South Korea (X tons) and Malaysia (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest quilted textile products importing markets in Asia were China ($X), Vietnam ($X) and Japan ($X), together accounting for 39% of total imports. These countries were followed by Bangladesh, Thailand, Turkey, Singapore, Indonesia, the United Arab Emirates, Democratic People's Republic of Korea, Pakistan, South Korea and Malaysia, which together accounted for a further 40%.

Among the main importing countries, Bangladesh, with a CAGR of +19.6%, saw the highest growth rate of 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

The import price in Asia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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