Asia-Pacific: Technical Textiles Market 2024

Technical Textiles Market Size in Asia-Pacific

The Asia-Pacific technical textiles market contracted to $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Technical Textiles Production in Asia-Pacific

In value terms, technical textiles production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Technical Textiles Exports

Exports in Asia-Pacific

In 2021, the amount of textile products and articles for technical uses exported in Asia-Pacific skyrocketed to X tons, rising by 22% on the year before. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, technical textiles exports soared to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 75% of total exports in 2021. South Korea (X tons) held the second position in the ranking, followed by India (X tons) and Japan (X tons). All these countries together took approx. 15% share of total exports. Taiwan (Chinese) (X tons) and Malaysia (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, India (+19.6%) and Japan (+3.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +19.6% from 2012-2021. Malaysia and South Korea experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-10.5%) illustrated a downward trend over the same period. While the share of China (+6.5 p.p.) and India (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest technical textiles supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports. It was followed by South Korea, with an 11% share.

In China, technical textiles exports expanded at an average annual rate of +6.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.8% per year) and South Korea (+4.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 9.5% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other leaders experienced more modest paces of growth.

Technical Textiles Imports

Imports in Asia-Pacific

Technical textiles imports soared to X tons in 2021, increasing by 25% against the year before. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, technical textiles imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The Philippines (X tons), India (X tons), China (X tons), Japan (X tons), Indonesia (X tons), Thailand (X tons), Malaysia (X tons), Vietnam (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Singapore (X tons) and Australia (X tons) represented roughly 92% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported textile products and articles for technical uses in Asia-Pacific, comprising 26% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by South Korea, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+4.3% per year) and South Korea (+2.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, shrinking by -10.2% against the previous year. Overall, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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