Asia-Pacific: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Asia-Pacific

The Asia-Pacific market for non-woven, felt and coated textile garments soared to $X in 2021, increasing by 45% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Woven, Felt and Coated Textile Garments in Asia-Pacific

In value terms, production of non-woven, felt and coated textile garments declined to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.3% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports in Asia-Pacific

In 2021, overseas shipments of non-woven, felt and coated textile garments decreased by -41.8% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. As a result, the exports reached the peak of X units, and then declined significantly in the following year.

In value terms, exports of non-woven, felt and coated textile garments reduced remarkably to $X in 2021. In general, exports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 137%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

China dominates garments structure, amounting to X units, which was approx. 66% of total exports in 2021. It was distantly followed by Bangladesh (X units), Vietnam (X units), Cambodia (X units) and Thailand (X units), together committing a 29% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-woven, felt and coated textile garment exports from China stood at +2.9%. At the same time, Bangladesh (+27.6%), Cambodia (+19.2%), Vietnam (+11.1%) and Thailand (+9.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +27.6% from 2012-2021. Bangladesh (+7.4 p.p.), Cambodia (+4.9 p.p.) and Vietnam (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -12% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-woven, felt and coated textile garment supplier in Asia-Pacific, comprising 64% of total exports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total exports. It was followed by Bangladesh, with a 7.6% share.

In China, exports of non-woven, felt and coated textile garments remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+5.3% per year) and Bangladesh (+25.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, falling by -16.7% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the export price increased by 6.7% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Non-Woven, Felt and Coated Textile Garments

Imports in Asia-Pacific

In 2021, approx. X units of non-woven, felt and coated textile garments were imported in Asia-Pacific; with a decrease of -32.4% compared with 2020 figures. Overall, imports, however, showed slight growth. The most prominent rate of growth was recorded in 2020 when imports increased by 99%. Over the period under review, imports of attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of non-woven, felt and coated textile garments declined rapidly to $X in 2021. In general, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 119%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2021, Japan (X units), distantly followed by South Korea (X units), Australia (X units), Malaysia (X units), the Philippines (X units) and Hong Kong SAR (X units) represented the key importers of non-woven, felt and coated textile garments, together making up 74% of total imports. China (X units), Thailand (X units), Bangladesh (X units), Singapore (X units), Taiwan (Chinese) (X units), New Zealand (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +63.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported non-woven, felt and coated textile garments in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by Australia, with an 11% share.

In Japan, imports of non-woven, felt and coated textile garments remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-2.2% per year) and Australia (+14.6% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, shrinking by -19% against the previous year. In general, the import price, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2018 when the import price increased by 130%. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then contracted remarkably in the following year.

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 China ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+38.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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