ASEAN: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2025

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in ASEAN

In 2022, after four years of growth, there was significant decline in the ASEAN market for coconut, abaca, ramie and other vegetable textile fibres, when its value decreased by -32.1% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then dropped significantly in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in ASEAN

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), the Philippines (X tons) and Vietnam (X tons), together comprising 77% of total production.

From 2012 to 2022, the most notable rate of growth in terms of fibres, amongst the main producing countries, was attained by the Philippines (with a CAGR of +5.1%), while fibres for the other leaders experienced mixed trends in the production figures.

The average yield of coconut, abaca, ramie and other vegetable textile fibres fell to X tons per ha in 2022, which is down by -14.6% against 2021 figures. Overall, the yield recorded a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 15%. Over the period under review, the yield of coconut, abaca, ramie and other vegetable textile fibres reached the maximum level at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconut, abaca, ramie and other vegetable textile fibres were harvested in ASEAN; standing approx. at 2021. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 5.2% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the harvested area of coconut, abaca, ramie and other vegetable textile fibres failed to regain momentum.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in ASEAN

In 2022, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres decreased by -3.9% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 26% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped rapidly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 42% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Vietnam (X tons), distantly followed by Indonesia (X tons), the Philippines (X tons) and Thailand (X tons) represented the major exporters of coconut, abaca, ramie and other vegetable textile fibres, together comprising 96% of total exports. Malaysia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +10.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +11.1%, recorded the highest growth rate of the value of exports, 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 ASEAN stood at $X per ton in 2022, falling by -11.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in ASEAN

In 2022, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by -33.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 65% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell markedly to $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 116% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

The Philippines represented the main importer of coconut, abaca, ramie and other vegetable textile fibres in ASEAN, with the volume of imports finishing at X tons, which was near 43% of total imports in 2022. Singapore (X tons) ranks second in terms of the total imports with a 19% share, followed by Indonesia (17%) and Malaysia (16%). Vietnam (X tons) held a relatively small share of total imports.

The Philippines was also the fastest-growing in terms of the coconut, abaca, ramie and other vegetable textile fibres imports, with a CAGR of +49.1% from 2012 to 2022. At the same time, Singapore (+22.0%), Indonesia (+5.6%) and Vietnam (+1.6%) displayed positive paces of growth. By contrast, Malaysia (-1.1%) illustrated a downward trend over the same period. The Philippines (+41 p.p.) and Singapore (+11 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Indonesia and Malaysia saw its share reduced by -3.4%, -11.8% and -37.1% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in ASEAN, comprising 73% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Malaysia, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to +58.6%. In the other countries, the average annual rates were as follows: Indonesia (+8.2% per year) and Malaysia (+5.9% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2016 an increase of 39%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform