China - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's June 2023 Imports of Woolen Fabric Reach $39M
China Woolen Fabric Imports
Woolen fabric imports into China reached 2.2M square meters in June 2023, surging by 4.5% against May 2023 figures. Over the period under review, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in May 2023 when imports increased by 59% month-to-month. Over the period under review, imports hit record highs at 2.9M square meters in August 2022; however, from September 2022 to June 2023, imports remained at a lower figure.
In value terms, woolen fabric imports stood at $39M (IndexBox estimates) in June 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 with an increase of 47% m-o-m. Over the period under review, imports hit record highs at 44M square meters in July 2022; however, from August 2022 to June 2023, imports remained at a lower figure. 
| COUNTRY | Import Value of Woolen Fabric in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Italy | 25.3 | 24.3 | 24.9 | 18.1 | 13.8 | 15.3 | 16.8 | 11.0 | 12.3 | 21.1 | 17.7 | 26.7 | 22.2 |
| Japan | 8.9 | 10.5 | 8.8 | 6.1 | 4.9 | 2.6 | 3.8 | 2.0 | 3.6 | 2.6 | 5.1 | 6.4 | 8.5 |
| South Korea | 2.3 | 4.0 | 2.9 | 1.4 | 0.7 | 0.6 | 0.3 | 0.3 | 0.3 | 0.2 | 0.8 | 1.3 | 2.2 |
| Others | 4.2 | 5.3 | 4.1 | 3.3 | 4.3 | 4.1 | 4.0 | 1.8 | 3.2 | 3.6 | 3.0 | 4.6 | 6.2 |
| Total | 40.7 | 44.1 | 40.7 | 28.9 | 23.7 | 22.6 | 24.9 | 15.0 | 19.3 | 27.4 | 26.5 | 38.9 | 39.1 |
Imports by Country
Italy (1M square meters), Japan (568K square meters) and South Korea (246K square meters) were the main suppliers of woolen fabric imports to China, together accounting for 81% of total imports.
From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of -1.5%), while imports for the other leaders experienced a decline.
In value terms, Italy ($22M) constituted the largest supplier of woolen fabric to China, comprising 57% of total imports. The second position in the ranking was taken by Japan ($8.5M), with a 22% share of total imports.
From June 2022 to June 2023, the average monthly rate of growth in terms of value from Italy stood at -1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.4% per month) and South Korea (-0.6% per month).
Imports by Type
In June 2023, woven fabrics of combed wool or of combed fine animal hair (2.2M square meters) was the main type of woolen fabric supplied to China, accounting for a approximately 100% share of total imports.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of woven fabrics of combed wool or of combed fine animal hair totaled -1.3%.
In value terms, woven fabrics of combed wool or of combed fine animal hair ($30M) constituted the largest type of woolen fabric supplied to China, comprising 76% of total imports. The second position in the ranking was taken by woven fabrics of carded wool or of carded fine animal hair ($9.5M), with a 24% share of total imports.
Import Prices by Country
In June 2023, the woolen fabric price amounted to $17.4 per square meter (CIF, China), declining by -4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 16% month-to-month. The import price peaked at $19.6 per square meter in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($32.1 per square meter), while the price for South Korea ($8.8 per square meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the woolen fabric market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13201230 - Woven fabrics of carded wool or carded fine animal hair
- Prodcom 13201260 - Woven fabrics of combed wool or combed fine animal hair, w oven fabrics of coarse animal hair
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
