China: Embroidery Market 2024

Embroidery Market Size in China

In 2022, the Chinese embroidery market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption recorded a deep slump. Embroidery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Embroidery Production in China

In value terms, embroidery production fell to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Embroidery Exports

Exports from China

In 2022, shipments abroad of embroidery (without visible ground) in the piece increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, embroidery exports rose sharply to $X in 2022. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for embroidery exports from China, with a X% share of total exports. Moreover, embroidery exports to Nigeria exceeded the volume sent to the second major destination, Morocco (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Indonesia (X% per year).

In value terms, Nigeria ($X), the United States ($X) and Morocco ($X) were the largest markets for embroidery exported from China worldwide, together accounting for X% of total exports. Indonesia, Vietnam, Singapore, Mauritania, Germany, Malaysia, Guatemala, Myanmar, Benin and India lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 embroidery export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Embroidery Imports

Imports into China

In 2022, supplies from abroad of embroidery (without visible ground) in the piece increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, embroidery imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Australia (X tons) and Japan (X tons) were the main suppliers of embroidery imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and Myanmar ($X) were the largest embroidery suppliers to China, together accounting for X% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of 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

The average embroidery import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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