Asia-Pacific: Hand-Woven Tapestry Market 2025

Hand-Woven Tapestry Market Size in Asia-Pacific

The Asia-Pacific hand-woven tapestry market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand-Woven Tapestry Production in Asia-Pacific

In value terms, hand-woven tapestry production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand-Woven Tapestry Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded decline in overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, which decreased by -30% to X tons in 2021. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 127%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, hand-woven tapestry exports declined dramatically to $X in 2021. Overall, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2015 with an increase of 248%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) and China (X tons) represented roughly 95% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.2%).

In value terms, the largest hand-woven tapestry supplying countries in Asia-Pacific were China ($X) and India ($X).

Among the main exporting countries, India, with a CAGR of +30.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, reducing by -16.7% against the previous year. Over the period under review, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 120% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.6%).

Hand-Woven Tapestry Imports

Imports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded decline in supplies from abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, which decreased by -30.2% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 343%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, hand-woven tapestry imports dropped remarkably to $X in 2021. Overall, imports, however, enjoyed modest growth. The growth pace was the most rapid in 2016 when imports increased by 145%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam represented the main importing country with an import of around X tons, which resulted at 47% of total imports. South Korea (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (16%). Cambodia (X tons), Australia (X tons), Nepal (X tons), Malaysia (X tons), India (X tons) and Lao People's Democratic Republic (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to hand-woven tapestry imports into Vietnam stood at +54.1%. At the same time, Nepal (+72.7%), Lao People's Democratic Republic (+57.1%), Cambodia (+45.8%), South Korea (+29.4%) and Australia (+16.9%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +72.7% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-6.0%) and India (-18.0%) illustrated a downward trend over the same period. While the share of Vietnam (+46 p.p.), South Korea (+15 p.p.), Cambodia (+3.9 p.p.), Australia (+2.3 p.p.), Nepal (+2.2 p.p.) and Lao People's Democratic Republic (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-10.4 p.p.) and Singapore (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in Asia-Pacific, comprising 46% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +57.4%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+13.0% per year) and South Korea (+21.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 4.7% against the previous year. Over the period under review, the import price enjoyed a modest increase. The pace of growth was the most pronounced in 2016 an increase of 498%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a 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 Australia ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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