Southern Asia: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Southern Asia

The South Asian knitted shawl and scarf market surged to $X in 2022, increasing by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Southern Asia

In value terms, knitted shawl and scarf production expanded modestly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Southern Asia

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were exported in Southern Asia; dropping by X% on 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. 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 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitted shawl and scarf exports shrank sharply to $X in 2022. In general, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Pakistan was the largest exporting country with an export of around X units, which accounted for X% of total exports. India (X units) ranks second in terms of the total exports with a X% share, followed by Bangladesh (X%).

Pakistan experienced a relatively flat trend pattern with regard to volume of exports of shawls, scarves and the like of knitted or crocheted textiles. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, the largest knitted shawl and scarf supplying countries in Southern Asia were Bangladesh ($X), Pakistan ($X) and India ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted shawl and scarf export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Southern Asia

In 2022, knitted shawl and scarf imports in Southern Asia expanded to X units, picking up by X% compared with 2021 figures. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, knitted shawl and scarf imports contracted to $X in 2022. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

India was the key importer of shawls, scarves and the like of knitted or crocheted textiles in Southern Asia, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Pakistan (X units) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%) and Afghanistan (X%). Maldives (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Pakistan (X%), Afghanistan (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of India (X p.p.), Bangladesh (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (X p.p.) and Maldives (X p.p.) displayed negative dynamics.

In value terms, the largest knitted shawl and scarf importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, 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 Southern Asia stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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