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Learn about the increasing demand for wadding of textile materials worldwide and the projected market growth over the next six years with a forecasted CAGR of +1.9% in volume and +3.8% in value terms.
Textile Wadding exports peaked at 6.8K tons in 2020 but failed to regain momentum from 2021 to 2023. In 2023, the exports were valued at $42M.
Textile Wadding imports reached a peak in 2023 and are projected to continue growing. The value of these imports surged to $2.9M in 2023.
In 2023, Textile Wadding exports reached record highs and are expected to keep growing in the short term. The value of Textile Wadding exports slightly decreased to $483M in 2023.
Imports of Textile Wadding reached a peak of 31K tons in 2022, but slightly contracted in the following year. In terms of value, imports amounted to $153M in 2023.
The exports of Textile Wadding reached a peak of 1.7K tons in 2021, but saw a slight decrease from 2022 to 2023. In terms of value, textile wadding exports surged to $16M in 2023.
The pace of growth for Textile Wadding was the most pronounced in March 2023 with a 25% increase in exports month-to-month. In October 2023, textile wadding exports sharply shrank in value terms to $4.3M.
The exports of Textile Wadding reached their highest point, and it is expected that they will continue to grow in the near future. In terms of value, Textile Wadding exports surged to $8.1M in October 2023.
In August 2023, the growth rate of Textile Wadding imports reached its peak with a remarkable 93% increase compared to the previous month. However, in September 2023, the value of these imports dropped significantly to $1.1M.
As of July 2023, the cost of Textile Wadding was $5,296 per ton (FOB, Thailand), indicating a 14% increase compared to the previous month.
Textile Wadding imports reached a total value of $16 million in May 2023.
In value terms, textile wadding exports dropped notably to $46M in April 2023.
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