ASEAN: Market for Woven Pile Fabrics And Chenille Fabrics 2025

Market Size for Woven Pile Fabrics And Chenille Fabrics in ASEAN

The ASEAN pile and chenille fabric market rose remarkably to $X in 2021, growing by 14% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.6% against 2015 indices. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Woven Pile Fabrics And Chenille Fabrics in ASEAN

In value terms, pile and chenille fabric production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports in ASEAN

In 2021, the amount of woven pile fabrics and chenille fabrics exported in ASEAN soared to X tons, growing by 19% against the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pile and chenille fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia was the major exporting country with an export of about X tons, which resulted at 68% of total exports. It was distantly followed by Vietnam (X tons), constituting a 28% share of total exports.

Exports from Indonesia increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, Vietnam (+7.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +7.5% from 2012-2021. While the share of Indonesia (+13 p.p.) and Vietnam (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest pile and chenille fabric supplier in ASEAN, comprising 73% of total exports. The second position in the ranking was held by Indonesia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam amounted to +19.3%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, falling by -3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 an increase of 7.2% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+11.0%).

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports in ASEAN

In 2021, approx. X tons of woven pile fabrics and chenille fabrics were imported in ASEAN; picking up by 12% on the year before. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 47% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, pile and chenille fabric imports surged to $X in 2021. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 30% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Vietnam prevails in imports structure, reaching X tons, which was approx. 71% of total imports in 2021. Cambodia (X tons) ranks second in terms of the total imports with an 8.8% share, followed by Myanmar (6.6%) and Indonesia (4.9%). The following importers - Malaysia (X tons), the Philippines (X tons) and Thailand (X tons) - together made up 8.9% of total imports.

Vietnam was also the fastest-growing in terms of the woven pile fabrics and chenille fabrics imports, with a CAGR of +23.3% from 2012 to 2021. At the same time, Cambodia (+8.2%), Myanmar (+3.3%), Indonesia (+2.1%) and Malaysia (+1.2%) displayed positive paces of growth. By contrast, Thailand (-9.6%) and the Philippines (-11.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +44 percentage points.

In value terms, Vietnam ($X) constitutes the largest market for imported woven pile fabrics and chenille fabrics in ASEAN, comprising 75% of total imports. The second position in the ranking was held by Cambodia ($X), with a 7.5% share of total imports. It was followed by Myanmar, with a 5.4% share.

In Vietnam, pile and chenille fabric imports expanded at an average annual rate of +22.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (+6.2% per year) and Myanmar (+1.4% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, rising by 4.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 26%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while the Philippines ($X per ton) and Myanmar ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform