Asia: Artificial Fur Market 2025

Artificial Fur Market Size in Asia

In 2022, the Asian artificial fur market decreased by -65.1% to $X, falling for the second year in a row after five years of growth. Overall, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Artificial Fur Production in Asia

In value terms, artificial fur production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 19%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Artificial Fur Exports

Exports in Asia

In 2022, approx. X tons of artificial fur were exported in Asia; picking up by 5.5% compared with the previous year's figure. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial fur exports fell to $X in 2022. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 93% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

China represented the major exporter of artificial fur in Asia, with the volume of exports amounting to X tons, which was approx. 71% of total exports in 2022. Syrian Arab Republic (X tons) ranks second in terms of the total exports with a 16% share, followed by Thailand (6.4%).

Exports from China increased at an average annual rate of +15.0% from 2012 to 2022. At the same time, Thailand (+23.5%) and Syrian Arab Republic (+2.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +23.5% from 2012-2022. China (+28 p.p.) and Thailand (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Syrian Arab Republic saw its share reduced by -13.8% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest artificial fur supplier in Asia, comprising 84% of total exports. The second position in the ranking was held by Thailand ($X), with a 4.4% share of total exports.

In China, artificial fur exports increased at an average annual rate of +14.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+9.7% per year) and Syrian Arab Republic (+3.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, shrinking by -10.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 87%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+0.8%), while the other leaders experienced a decline in the export price figures.

Artificial Fur Imports

Imports in Asia

Artificial fur imports expanded to X tons in 2022, growing by 4.2% on the year before. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, artificial fur imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 66%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Thailand was the key importing country with an import of about X tons, which finished at 58% of total imports. Myanmar (X tons) ranks second in terms of the total imports with a 10% share, followed by Vietnam (6.1%), Cambodia (5.1%) and the Philippines (4.5%). The following importers - China (X tons) and India (X tons) - each amounted to a 4.3% share of total imports.

Imports into Thailand increased at an average annual rate of +40.8% from 2012 to 2022. At the same time, Myanmar (+132.7%), Cambodia (+51.8%), the Philippines (+42.4%) and Vietnam (+25.2%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of +132.7% from 2012-2022. By contrast, India (-2.3%) and China (-8.5%) illustrated a downward trend over the same period. While the share of Thailand (+55 p.p.), Myanmar (+10 p.p.), Cambodia (+5 p.p.), Vietnam (+5 p.p.) and the Philippines (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-2.5 p.p.) and China (-7.7 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported artificial fur in Asia, comprising 29% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Cambodia, with an 11% share.

In China, artificial fur imports increased at an average annual rate of +12.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+20.9% per year) and Cambodia (+51.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period under review, 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 34% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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