ASEAN: Market for Table Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Table Linen Of Knitted Or Crocheted Textiles in ASEAN

The ASEAN market for table linen of knitted or crocheted textiles was estimated at $X in 2021, growing by 11% against the previous year. In general, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Table Linen Of Knitted Or Crocheted Textiles in ASEAN

In value terms, table linen of crocheted textile production expanded modestly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 112%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Table Linen Of Knitted Or Crocheted Textiles

Exports in ASEAN

In 2021, the amount of table linen of knitted or crocheted textiles exported in ASEAN shrank to X tons, with a decrease of -14.5% against 2020. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 50%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, table linen of crocheted textile exports skyrocketed to $X in 2021. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 126% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Vietnam (X tons) represented the largest exporter of table linen of knitted or crocheted textiles, generating 54% of total exports. Malaysia (X tons) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (8.3%). The following exporters - Singapore (X kg) and Thailand (X kg) - each finished at a 6.5% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +5.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 88% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +1.9%, saw the highest rates of growth with regard to 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

In 2021, the export price in ASEAN amounted to $X per ton, rising by 36% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 51%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Table Linen Of Knitted Or Crocheted Textiles

Imports in ASEAN

In 2021, approx. X tons of table linen of knitted or crocheted textiles were imported in ASEAN; growing by 58% against the previous year's figure. Over the period under review, imports posted a notable expansion. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, table linen of crocheted textile imports surged to $X in 2021. Overall, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 71%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia represented the largest importer of table linen of knitted or crocheted textiles in ASEAN, with the volume of imports resulting at X tons, which was approx. 63% of total imports in 2021. Singapore (X tons) took the second position in the ranking, followed by the Philippines (X tons) and Thailand (X tons). All these countries together took near 29% share of total imports. The following importers - Brunei Darussalam (X tons) and Indonesia (X tons) - each finished at a 6% share of total imports.

Malaysia was also the fastest-growing in terms of the table linen of knitted or crocheted textiles imports, with a CAGR of +23.6% from 2012 to 2021. At the same time, Brunei Darussalam (+15.6%) and Thailand (+6.4%) displayed positive paces of growth. By contrast, Indonesia (-1.2%), the Philippines (-9.7%) and Singapore (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, Thailand and Brunei Darussalam increased by +52, +2.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Singapore ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2021, together comprising 88% of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of +19.7%, saw the highest rates of growth with regard to 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 ASEAN stood at $X per ton in 2021, growing by 8% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+26.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform