Asia-Pacific: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2025

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Asia-Pacific

The Asia-Pacific knitted shawl and scarf market amounted to $X in 2022, surging by 10% against the previous year. The market value increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Asia-Pacific

In value terms, knitted shawl and scarf production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Asia-Pacific

In 2022, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles increased by 1.9% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf exports rose significantly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 95% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of shawls, scarves and the like of knitted or crocheted textiles. At the same time, Pakistan (+3.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +3.8% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest knitted shawl and scarf supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 1.8% share of total exports.

In China, knitted shawl and scarf exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by 4.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 20%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%).

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Asia-Pacific

Knitted shawl and scarf imports rose significantly to X units in 2022, growing by 14% on 2021. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, knitted shawl and scarf imports declined slightly to $X in 2022. Overall, imports, however, showed a mild decline. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units), distantly followed by India (X units), Malaysia (X units), South Korea (X units) and Australia (X units) were the largest importers of shawls, scarves and the like of knitted or crocheted textiles, together mixing up 68% of total imports. Singapore (X units), Vietnam (X units), Pakistan (X units), Thailand (X units), Macao SAR (X units), Bangladesh (X units) and China (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +51.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. Macao SAR, Malaysia, Australia, Singapore, Vietnam, India, Pakistan, Bangladesh and Thailand lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Macao SAR, with a CAGR of +42.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, reducing by -14% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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