Asia-Pacific: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2025

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Asia-Pacific

In 2022, the Asia-Pacific market for coconut, abaca, ramie and other vegetable textile fibres decreased by -7.8% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption, however, recorded a perceptible contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Asia-Pacific

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 26%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The country with the largest volume of production of coconut, abaca, ramie and other vegetable textile fibres was India (X tons), accounting for 52% of total volume. Moreover, production of coconut, abaca, ramie and other vegetable textile fibres in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 8.9% share.

In India, production of coconut, abaca, ramie and other vegetable textile fibres remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+1.3% per year) and Indonesia (-1.5% per year).

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Asia-Pacific dropped to X tons per ha, which is down by -5.6% on 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 8%. Over the period under review, the yield of coconut, abaca, ramie and other vegetable textile fibres attained the peak level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconut, abaca, ramie and other vegetable textile fibres were harvested in Asia-Pacific; surging by 2.6% compared with the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to coconut, abaca, ramie and other vegetable textile fibre production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in Asia-Pacific

In 2022, after three years of growth, there was significant decline in shipments abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by -8.1% to X tons. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped significantly to $X in 2022. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

In 2022, India (X tons) represented the largest exporter of coconut, abaca, ramie and other vegetable textile fibres, creating 60% of total exports. Sri Lanka (X tons) ranks second in terms of the total exports with a 26% share, followed by Vietnam (5%). The following exporters - Indonesia (X tons), the Philippines (X tons) and Thailand (X tons) - each resulted at an 8.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coconut, abaca, ramie and other vegetable textile fibre exports from India stood at +7.7%. At the same time, the Philippines (+10.6%), Sri Lanka (+3.3%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.6% from 2012-2022. By contrast, Thailand (-1.5%) and Vietnam (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Sri Lanka ($X) and the Philippines ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 92% share of total exports.

The Philippines, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, declining by -13.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.2%), while the other leaders experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in Asia-Pacific

In 2022, imports of coconut, abaca, ramie and other vegetable textile fibres in Asia-Pacific shrank slightly to X tons, which is down by -2.4% against the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 31%. Over the period under review, imports of attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

The countries with the highest levels of imports of coconut, abaca, ramie and other vegetable textile fibres in 2022 were China (X tons), together recording 93% of total import.

China was also the fastest-growing in terms of the coconut, abaca, ramie and other vegetable textile fibres imports, with a CAGR of +2.2% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in Asia-Pacific.

In China, imports of coconut, abaca, ramie and other vegetable textile fibres remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -10.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.9% per year.

Source: IndexBox Platform