Eastern Asia: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2025

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Eastern Asia

In 2022, the East Asian knitted shawl and scarf market increased by 13% to $X, rising for the fifth consecutive year after three years of decline. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.1% against 2017 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Eastern Asia

In value terms, knitted shawl and scarf production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 20%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Eastern Asia

In 2022, overseas shipments of shawls, scarves and the like of knitted or crocheted textiles were finally on the rise to reach X units after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 30%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, knitted shawl and scarf exports expanded markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) represented roughly 100% of total exports in 2022.

China experienced a relatively flat trend pattern with regard to volume of exports of shawls, scarves and the like of knitted or crocheted textiles. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest knitted shawl and scarf supplier in Eastern Asia.

In China, knitted shawl and scarf exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with an increase of 5.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.1% per year.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Eastern Asia

In 2022, purchases abroad of shawls, scarves and the like of knitted or crocheted textiles increased by 45% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a pronounced decrease. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, knitted shawl and scarf imports shrank to $X in 2022. In general, imports, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the key importing country with an import of about X units, which recorded 56% of total imports. South Korea (X units) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Macao SAR (7.5%) and China (5.8%). Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to knitted shawl and scarf imports into Japan stood at -1.5%. At the same time, Macao SAR (+51.2%), China (+11.3%) and South Korea (+8.0%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +51.2% from 2012-2022. By contrast, Taiwan (Chinese) (-13.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Macao SAR, Japan and China increased by +17, +7.4, +5.1 and +4.3 percentage points, respectively.

In value terms, the largest knitted shawl and scarf importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together accounting for 71% of total imports. Macao SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

Among the main importing countries, Macao SAR, with a CAGR of +42.9%, saw the highest rates of growth with regard to 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

In 2022, the import price in Eastern Asia amounted to $X per unit, with a decrease of -34.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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