Asia: Textile Wick Market 2020

Textile Wick Market Size in Asia

The revenue of the textile wick market in Asia amounted to $X in 2017, declining by -X% against the previous year. The textile wick consumption continues to indicate an abrupt slump. The growth pace was the most rapid in 2015, when it surged by X% y-o-y. The level of textile wick consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Textile Wick Production in Asia

In 2017, the amount of textile wicks, conveyor belts or belting produced in Asia totaled X tons, remaining stable against the previous year. The textile wick production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, with an increase of X% against the previous year. In that year, the textile wick production reached their peak volume of X tons. From 2011 to 2017, growth of the textile wick production failed to regain its momentum.

Textile Wick Exports in Asia

The exports amounted to X tons in 2017, growing by X% against the previous year. The total exports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the textile wick exports increased by +X% against 2014 indices. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the textile wick exports attained its maximum volume in 2017, and are likely to see steady growth in the near future.

In value terms, textile wick exports amounted to $X in 2017. The total exports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the textile wick exports increased by +X% against 2013 indices. The level of exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Textile Wick Exports by Country in Asia

China dominates textile wick exports structure, resulting at X tons, which was approx. X% of total exports in 2017. Taiwan, Chinese (X tons) ranks second in terms of the global exports with a X% share, followed by Sri Lanka (X%) and India (X%). Turkey (X tons) and Japan (X tons) took the minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Sri Lanka (+X%), Taiwan, Chinese (+X%), Japan (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, India (-X%) illustrated a downward trend over the same period. India (X%) significantly strengthened its position in terms of the global exports, while Turkey, Sri Lanka, Taiwan, Chinese and China saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest textile wick supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Taiwan, Chinese, with a X% share.

In China, textile wick exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and Taiwan, Chinese (+X% per year).

Textile Wick Export Prices by Country in Asia

The textile wick export price in Asia stood at $X per ton in 2017, declining by -X% against the previous year. The textile wick export price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2011, an increase of X% y-o-y. In that year, the export prices for textile wicks, conveyor belts or belting reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for textile wicks, conveyor belts or belting failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per kg), while Sri Lanka ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Textile Wick Imports in Asia

The imports amounted to X tons in 2017, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2010, when imports increased by X% y-o-y. Over the period under review, the textile wick imports attained its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, textile wick imports amounted to $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the textile wick imports increased by +X% against 2014 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Textile Wick Imports by Country in Asia

China (X tons) and South Korea (X tons) represented roughly X% of total imports of textile wicks, conveyor belts or belting in 2017. India (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Indonesia (X%), Turkey (X%), Thailand (X%), Malaysia (X%) and Bangladesh (X%). China, Hong Kong SAR (X tons), the United Arab Emirates (X tons), Japan (X tons) and the Philippines (X tons) held the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and India ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Indonesia, Turkey, Thailand, Japan, Malaysia, China, Hong Kong SAR, the Philippines, the United Arab Emirates and Bangladesh lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Indonesia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Textile Wick Import Prices by Country in Asia

The textile wick import price in Asia stood at $X per kg in 2017, shrinking by -X% against the previous year. The textile wick import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, an increase of X% year-to-year. Over the period under review, the import prices for textile wicks, conveyor belts or belting reached its peak figure level of $X per kg in 2016, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per kg), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform