China: Technical Textiles Market 2024

Technical Textiles Market Size in China

In 2021, after two years of growth, there was significant decline in the Chinese technical textiles market, when its value decreased by -15.2% to $X. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Technical textiles consumption peaked at $X in 2020, and then dropped markedly in the following year.

Technical Textiles Production in China

In value terms, technical textiles production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17% against the previous year. Technical textiles production peaked at $X in 2020, and then reduced in the following year.

Technical Textiles Exports

Exports from China

Technical textiles exports from China surged to X tons in 2021, growing by 18% compared with the previous year. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.7% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, technical textiles exports soared to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.9% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), India (X tons) and Vietnam (X tons) were the main destinations of technical textiles exports from China, together comprising 24% of total exports. Brazil, Germany, South Africa, Australia, Russia, Indonesia, Malaysia, South Korea, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +15.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for technical textiles exported from China were the United States ($X), Vietnam ($X) and India ($X), with a combined 24% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +20.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2021, with an increase of 6.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to South Africa ($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 Indonesia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into China

Technical textiles imports into China fell slightly to X tons in 2021, standing approx. at 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 14% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, technical textiles imports amounted to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of technical textiles imports to China, together accounting for 55% of total imports. South Korea, the United States, Indonesia, Switzerland, Italy, India, Finland and Malaysia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest technical textiles suppliers to China were Japan ($X), South Korea ($X) and Germany ($X), with a combined 57% share of total imports. These countries were followed by the United States, Italy, Switzerland, Taiwan (Chinese), Finland, Malaysia, Indonesia and India, which together accounted for a further 26%.

India, with a CAGR of +12.8%, saw 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 2021, the average technical textiles import price amounted to $X per ton, growing by 7.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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