China: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in China

In 2022, the Chinese cotton embroidery market decreased by -14.8% to $X, falling for the second year in a row after four years of growth. In general, consumption recorded a deep downturn. Cotton embroidery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cotton Embroidery Production in China

In value terms, cotton embroidery production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cotton Embroidery Exports

Exports from China

For the fourth consecutive year, China recorded growth in shipments abroad of cotton embroidery in the piece, which increased by 12% to X tons in 2022. Over the period under review, exports posted a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 66%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, cotton embroidery exports skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 134% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons), Nigeria (X tons) and Malaysia (X tons) were the main destinations of cotton embroidery exports from China, with a combined 36% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +53.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Spain ($X) were the largest markets for cotton embroidery exported from China worldwide, with a combined 36% share of total exports.

Malaysia, with a CAGR of +63.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, picking up by 7.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Embroidery Imports

Imports into China

In 2022, the amount of cotton embroidery in the piece imported into China skyrocketed to X tons, jumping by 18% on 2021. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cotton embroidery imports reduced slightly to $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), the United States (X tons) and Thailand (X tons) were the main suppliers of cotton embroidery imports to China, with a combined 65% share of total imports. South Korea, Japan, Italy and Turkey lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +46.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cotton embroidery suppliers to China were Italy ($X), India ($X) and Thailand ($X), with a combined 58% share of total imports. South Korea, Japan, the United States and Turkey lagged somewhat behind, together comprising a further 32%.

Turkey, with a CAGR of +42.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cotton embroidery import price amounted to $X per ton, dropping by -19.1% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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