Eastern Asia: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Eastern Asia

The East Asian market for non-woven, felt and coated textile garments stood at $X in 2023, surging by X% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Non-Woven, Felt and Coated Textile Garments in Eastern Asia

In value terms, production of non-woven, felt and coated textile garments stood at $X in 2023 estimated in export price. In general, production showed a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports in Eastern Asia

In 2023, approx. X units of non-woven, felt and coated textile garments were exported in Eastern Asia; rising by X% against 2022. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of non-woven, felt and coated textile garments shrank notably to $X in 2023. Over the period under review, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2023, China (X units) represented the key exporter of non-woven, felt and coated textile garments in Eastern Asia, making up X% of total export.

China was also the fastest-growing in terms of the non-woven, felt and coated textile garments exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-woven, felt and coated textile garment supplier in Eastern Asia.

In China, exports of non-woven, felt and coated textile garments plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports in Eastern Asia

Imports of non-woven, felt and coated textile garments expanded remarkably to X units in 2023, surging by X% on 2022. Total imports indicated a buoyant expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, imports of non-woven, felt and coated textile garments reduced slightly to $X in 2023. Total imports indicated a modest increase 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, Japan (X units) was the major importer of non-woven, felt and coated textile garments, mixing up X% of total imports. South Korea (X units) took the second position in the ranking, distantly followed by China (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units). All these countries together held approx. X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to non-woven, felt and coated textile garment imports into Japan stood at X%. At the same time, China (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported non-woven, felt and coated textile garments in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, imports of non-woven, felt and coated textile garments increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform