ASEAN: Textile Flock Market 2024

Textile Flock Market Size in ASEAN

The ASEAN textile flock market dropped to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Textile Flock Production in ASEAN

In value terms, textile flock production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Textile Flock Exports

Exports in ASEAN

In 2022, the amount of textile flock and dust and mill neps exported in ASEAN skyrocketed to X tons, growing by X% against 2021 figures. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, textile flock exports surged to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Indonesia (X tons), creating a X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand and Indonesia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest textile flock supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Textile Flock Imports

Imports in ASEAN

Textile flock imports declined slightly to X tons in 2022, dropping by X% on the previous year. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, textile flock imports fell modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Thailand represented the key importer of textile flock and dust and mill neps in ASEAN, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Cambodia (X tons), Indonesia (X tons) and Malaysia (X tons). All these countries together took near X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Cambodia (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Thailand (X p.p.), Cambodia (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported textile flock and dust and mill neps in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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 Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform