Asia: Felt Market 2020

Felt Market Size in Asia

The revenue of the felt market in Asia amounted to $X in 2017, lowering by -X% against the previous year. The felt consumption continues to indicate a deep contraction. The pace of growth was the most pronounced in 2010, when market value increased by X% year-to-year. The level of felt consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Felt Production in Asia

The felt production totaled X tons in 2017, stabilizing at the previous year. The felt production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Over the period under review, the felt production reached its peak figure volume in 2017, and is likely to see steady growth in the near future.

Felt Exports in Asia

In 2017, approx. X tons of felt were exported in Asia; coming up by X% against the previous year. The felt exports continue to indicate a prominent growth. The growth pace was the most rapid in 2013, with an increase of X% against the previous year. Over the period under review, the felt exports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, felt exports stood at $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the felt exports decreased by -X% against 2013 indices. In that year, the felt exports reached their peak level of $X. From 2014 to 2017, growth of the felt exports failed to regain its momentum.

Felt Exports by Country in Asia

China represented the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Turkey (X tons), creating X% share of total exports. South Korea (X tons), Saudi Arabia (X tons), Japan (X tons), India (X tons) and Thailand (X tons) held the weak share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Turkey (+X%), India (+X%), Thailand (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of Turkey (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest felt supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Japan (-X% per year).

Felt Export Prices by Country in Asia

The felt export price in Asia stood at $X per ton in 2017, therefore, remained relatively stable against the previous year. The felt export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Japan ($X per kg), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

Felt Imports in Asia

In 2017, felt imports in Asia totaled X tons, lowering by -X% against the previous year. The felt imports continue to indicate a slight deduction. The growth pace was the most rapid in 2014, when it surged by X% y-o-y. In that year, the felt imports attained their peak volume of X tons. From 2015 to 2017, growth of the felt imports stood at a somewhat lower level.

In value terms, felt imports totaled $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the felt imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Felt Imports by Country in Asia

In 2017, China (X tons), distantly followed by Indonesia (X tons), Turkey (X tons), Vietnam (X tons), Thailand (X tons), South Korea (X tons) and Japan (X tons) were the main importers of felt, together mixed up X% of total imports. Malaysia (X tons), Saudi Arabia (X tons), India (X tons), the United Arab Emirates (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, South Korea (+X%), Indonesia (+X%), India (+X%), Taiwan, Chinese (+X%), Thailand (+X%), Malaysia (+X%), Turkey (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Japan experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X%) and Saudi Arabia (X%) increased significantly in terms of the global imports from 2007-2017, the share of Thailand (-X%), India (-X%), China (-X%), South Korea (-X%) and Indonesia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported felt in Asia, making up X% of global imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global imports. It was followed by Indonesia, with a X% share.

In China, felt imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Indonesia (+X% per year).

Felt Import Prices by Country in Asia

The felt import price in Asia stood at $X per ton in 2017, jumping by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017, when the import prices increased by X% against the previous year. In that year, the import prices for felt reached their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Japan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform