ASEAN: Cotton Fabric Market 2025

Cotton Fabric Market Size in ASEAN

After three years of decline, the ASEAN cotton fabric market increased by 0.7% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Cotton Fabric Production in ASEAN

In value terms, cotton fabric production shrank to $X in 2021 estimated in export price. In general, production recorded a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Cotton Fabric Exports

Exports in ASEAN

After two years of decline, overseas shipments of woven fabrics of cotton increased by 0.2% to X tons in 2021. In general, exports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton fabric exports expanded slightly to $X in 2021. Overall, exports, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 with an increase of 12%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which finished at 51% of total exports. Indonesia (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons) and Malaysia (X tons). All these countries together took approx. 47% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +13.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X) remains the largest cotton fabric supplier in ASEAN, comprising 47% of total exports. The second position in the ranking was held by Indonesia ($X), with a 23% share of total exports. It was followed by Vietnam, with a 20% share.

In Thailand, cotton fabric exports contracted by an average annual rate of -5.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-6.3% per year) and Vietnam (+19.6% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, surging by 1.9% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2018 when the export price increased by 7.2% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the other leaders experienced a decline in the export price figures.

Cotton Fabric Imports

Imports in ASEAN

In 2021, after two years of decline, there was significant growth in overseas purchases of woven fabrics of cotton, when their volume increased by 6.3% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cotton fabric imports expanded notably to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 15%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of woven fabrics of cotton, namely Vietnam, Indonesia and Cambodia, represented more than two-thirds of total import. Thailand (X tons) ranks next in terms of the total imports with an 8.3% share, followed by Myanmar (8.1%). The following importers - the Philippines (X tons) and Malaysia (X tons) - each recorded a 4.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Cambodia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 81% share of total imports.

Cambodia, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, growing by 2.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 19%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($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 (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform