Nonwoven Textile Market in Asia Amounted to $16.1B

IndexBox has just published a new report: 'Asia - Nonwoven Textiles - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the nonwoven textile market in Asia amounted to $16.1B in 2018, increasing by 3.9% against the previous year.

Consumption By Country in Asia

In value terms, China ($7.8B) led the market, alone. The second position in the ranking was occupied by Japan ($1.4B). It was followed by Indonesia.

The countries with the highest levels of nonwoven textile per capita consumption in 2018 were Saudi Arabia (4.28 square meters per person), South Korea (4.21 square meters per person) and Japan (3.37 square meters per person).

From 2014 to 2018, the most notable rate of growth in terms of nonwoven textile per capita consumption, amongst the main consuming countries, was attained by India, while nonwoven textile per capita consumption for the other leaders experienced more modest paces of growth.

Market Forecast to 2019-2030

Driven by increasing demand for nonwoven textile in Asia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2018 to 2030, which is projected to bring the market volume to 5.3B square meters by the end of 2030.

Exports in Asia

In 2018, Asia's nonwoven textile exports stood at $6.6B (IndexBox estimates). The total export value increased at an average annual rate of +5.5% from 2014 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2018 with an increase of 13% y-o-y. In that year, nonwoven textile exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China represented the key exporter of nonwoven textiles in Asia, with the volume of exports resulting at 1B square meters, which was approx. 53% of total exports in 2018. Turkey (211M square meters) took the second position in the ranking, followed by Taiwan, Chinese (110M square meters). All these countries together held near 17% share of total exports. The following exporters - Thailand (81M square meters), Malaysia (75M square meters), Japan (71M square meters), Israel (71M square meters), Saudi Arabia (70M square meters), South Korea (60M square meters), China, Hong Kong SAR (55M square meters) and India (55M square meters) - together made up 28% of total exports.

Exports from China increased at an average annual rate of +11.9% from 2014 to 2018. At the same time, Saudi Arabia (+24.5%), Turkey (+17.6%), India (+15.6%), Thailand (+12.2%), Malaysia (+7.1%), China, Hong Kong SAR (+6.8%), Japan (+6.1%) and Taiwan, Chinese (+4.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.5% from 2014-2018. Israel experienced a relatively flat trend pattern. By contrast, South Korea (-5.4%) illustrated a downward trend over the same period. While the share of China (+19 p.p.), Turkey (+5.2 p.p.), Saudi Arabia (+2.1 p.p.) and Thailand (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($3.1B) remains the largest nonwoven textile supplier in Asia, comprising 46% of total nonwoven textile exports. The second position in the ranking was occupied by Japan ($768M), with a 12% share of total exports. It was followed by Turkey, with a 9% share.

Export Prices by Country

The nonwoven textile export price in Asia stood at $3.4 per square meter in 2018, approximately mirroring the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($11 per square meter), while Saudi Arabia ($1.5 per square meter) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced mixed trends in the export price figures.

Imports in Asia

Asia's nonwoven textile imports amounted to $4.8B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.9% from 2014 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2018 with an increase of 8.8% against the previous year. In that year, nonwoven textile imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Japan (268M square meters), distantly followed by China (144M square meters), South Korea (129M square meters), Vietnam (122M square meters) and India (77M square meters) represented the largest importers of nonwoven textiles, together mixing up 62% of total imports. The following importers - Indonesia (53M square meters), Turkey (49M square meters), Pakistan (42M square meters), Thailand (37M square meters), Saudi Arabia (35M square meters), Malaysia (31M square meters) and Taiwan, Chinese (27M square meters) - together made up 23% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Pakistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($905M), Japan ($858M) and Vietnam ($525M) constituted the countries with the highest levels of imports in 2018, with a combined 47% share of total imports. South Korea, Indonesia, India, Turkey, Thailand, Malaysia, Taiwan, Chinese, Saudi Arabia and Pakistan lagged somewhat behind, together accounting for a further 37%.

Import Prices by Country

The nonwoven textile import price in Asia stood at $4.1 per square meter in 2018, approximately mirroring the previous year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($6.3 per square meter), while Pakistan ($1.9 per square meter) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform