China: Nonwoven Fabric Market 2024

Nonwoven Fabric Market Size in China

The Chinese nonwoven fabric market rose remarkably to $X in 2022, growing by 14% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Nonwoven Fabric Production in China

In value terms, nonwoven fabric production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Nonwoven Fabric Exports

Exports from China

In 2022, shipments abroad of nonwoven fabrics decreased by -11.9% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, nonwoven fabric exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X tons), the United States (X tons) and Japan (X tons) were the main destinations of nonwoven fabric exports from China, together comprising 32% of total exports. These countries were followed by Vietnam, Indonesia, Cambodia, Mexico, Taiwan (Chinese), India, Malaysia, the Philippines, Thailand and Russia, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +51.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nonwoven fabric exported from China were South Korea ($X), Vietnam ($X) and the United States ($X), with a combined 38% share of total exports. These countries were followed by Japan, Indonesia, Cambodia, Taiwan (Chinese), Malaysia, Mexico, the Philippines, India, Thailand and Russia, which together accounted for a further 32%.

Cambodia, with a CAGR of +49.3%, saw the highest rates of growth with regard to 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

In 2021, the average nonwoven fabric export price amounted to $X per ton, shrinking by -8.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nonwoven Fabric Imports

Imports into China

In 2022, nonwoven fabric imports into China contracted significantly to X tons, with a decrease of -19.3% on 2021 figures. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2016 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nonwoven fabric imports fell to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 33%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of nonwoven fabric imports to China, with a combined 59% share of total imports. These countries were followed by Saudi Arabia, South Korea, Malaysia, Vietnam, Luxembourg, Germany, Thailand and France, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +26.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nonwoven fabric suppliers to China were Japan ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 57% share of total imports. Germany, South Korea, Luxembourg, Saudi Arabia, Vietnam, France, Malaysia and Thailand lagged somewhat behind, together accounting for a further 31%.

Vietnam, with a CAGR of +27.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nonwoven fabric import price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 39%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :