Asia: Market for Table Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Table Linen Of Knitted Or Crocheted Textiles in Asia

The Asian market for table linen of knitted or crocheted textiles rose rapidly to $X in 2021, with an increase of 12% against the previous year. Over the period under review, consumption, however, showed a noticeable setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Table Linen Of Knitted Or Crocheted Textiles in Asia

In value terms, table linen of crocheted textile production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Table Linen Of Knitted Or Crocheted Textiles

Exports in Asia

In 2021, approx. X tons of table linen of knitted or crocheted textiles were exported in Asia; rising by 17% on the year before. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, table linen of crocheted textile exports surged to $X in 2021. Total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.6% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India represented the main exporter of table linen of knitted or crocheted textiles in Asia, with the volume of exports reaching X tons, which was near 54% of total exports in 2021. Pakistan (X tons) took the second position in the ranking, followed by China (X tons) and Turkey (X tons). All these countries together took near 46% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to table linen of crocheted textile exports from India stood at +10.2%. At the same time, Turkey (+14.5%) and Pakistan (+14.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +14.5% from 2012-2021. By contrast, China (-8.9%) illustrated a downward trend over the same period. India (+22 p.p.), Pakistan (+10 p.p.) and Turkey (+6.4 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -37% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest table linen of crocheted textile supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by Pakistan, with a 14% share.

In India, table linen of crocheted textile exports expanded at an average annual rate of +16.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-9.5% per year) and Pakistan (+9.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 5.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 20% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Turkey ($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 (+5.7%), while the other leaders experienced a decline in the export price figures.

Imports of Table Linen Of Knitted Or Crocheted Textiles

Imports in Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of table linen of knitted or crocheted textiles, when their volume increased by 56% to X tons. Overall, imports, however, showed a slight reduction. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, table linen of crocheted textile imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Israel (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Kazakhstan (X tons), Tajikistan (X tons), Azerbaijan (X tons), Kyrgyzstan (X tons), Iraq (X tons), Singapore (X tons), South Korea (X tons) and Kuwait (X tons) represented roughly 81% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +91.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest table linen of crocheted textile importing markets in Asia were Israel ($X), the United Arab Emirates ($X) and Kazakhstan ($X), with a combined 38% share of total imports. Malaysia, South Korea, Tajikistan, Hong Kong SAR, Singapore, Azerbaijan, Kyrgyzstan, Iraq and Kuwait lagged somewhat behind, together accounting for a further 43%.

Azerbaijan, with a CAGR of +53.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, declining by -9% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 19%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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