Eastern Asia: Curtains Market 2024

Curtains Market Size in Eastern Asia

The East Asian curtains market was finally on the rise to reach $X in 2022, after three years of decline. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Curtains Production in Eastern Asia

In value terms, curtains production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Curtains Exports

Exports in Eastern Asia

In 2022, shipments abroad of curtains and interior blinds decreased by -22.8% to X square meters for the first time since 2015, thus ending a six-year rising trend. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports attained the peak of X square meters, and then declined notably in the following year.

In value terms, curtains exports shrank remarkably to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

China prevails in exports structure, accounting for X square meters, which was approx. 98% of total exports in 2022. Taiwan (Chinese) (X square meters) took a relatively small share of total exports.

China was also the fastest-growing in terms of the curtains and interior blinds exports, with a CAGR of +3.2% from 2012 to 2022. At the same time, Taiwan (Chinese) (+1.5%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest curtains supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.1% share of total exports.

In China, curtains exports increased at an average annual rate of +2.5% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2022, rising by 9.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while China totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%).

Curtains Imports

Imports in Eastern Asia

In 2022, after six years of growth, there was significant decline in purchases abroad of curtains and interior blinds, when their volume decreased by -6% to X square meters. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 10%. The volume of import peaked at X square meters in 2021, and then declined in the following year.

In value terms, curtains imports fell slightly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 7.5% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Japan was the largest importing country with an import of about X square meters, which amounted to 75% of total imports. It was distantly followed by South Korea (X square meters), creating a 16% share of total imports. Taiwan (Chinese) (X square meters), Hong Kong SAR (X square meters) and China (X square meters) took a little share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of curtains and interior blinds. At the same time, South Korea (+8.4%) and Taiwan (Chinese) (+2.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +8.4% from 2012-2022. By contrast, Hong Kong SAR (-4.1%) and China (-4.6%) illustrated a downward trend over the same period. While the share of South Korea (+8.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-1.6 p.p.), China (-1.6 p.p.) and Japan (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported curtains and interior blinds in Eastern Asia, comprising 76% of total imports. The second position in the ranking was taken by South Korea ($X), with a 14% share of total imports. It was followed by China, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+5.3% per year) and China (-1.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, growing by 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 3.5% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per square meter), while South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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