Eastern Asia: Cotton Table Linen Market 2024

Cotton Table Linen Market Size in Eastern Asia

The East Asian cotton table linen market contracted slightly to $X in 2022, which is down by -1.9% against the previous year. Over the period under review, consumption continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Cotton Table Linen Production in Eastern Asia

In value terms, cotton table linen production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.1% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cotton Table Linen Exports

Exports in Eastern Asia

In 2022, shipments abroad of table linen of cotton increased by 4.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cotton table linen exports expanded rapidly to $X in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the main exporter of table linen of cotton in Eastern Asia, comprising 98% of total export.

China was also the fastest-growing in terms of the table linen of cotton exports, with a CAGR of -10.3% from 2012 to 2022. From 2012 to 2022, the share of China increased by +2.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest cotton table linen supplier in Eastern Asia.

In China, cotton table linen exports shrank by an average annual rate of -9.1% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 7.5% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton table linen export price increased by +25.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a 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 +1.4% per year.

Cotton Table Linen Imports

Imports in Eastern Asia

In 2022, overseas purchases of table linen of cotton increased by 18% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, recorded a noticeable decrease. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cotton table linen imports soared to $X in 2022. Overall, imports, however, recorded a perceptible decline. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the key importer of table linen of cotton in Eastern Asia, with the volume of imports recording X tons, which was near 52% of total imports in 2022. South Korea (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by China (14%) and Hong Kong SAR (10%). The following importers - Taiwan (Chinese) (X tons) and Macao SAR (X tons) - together made up 4.5% of total imports.

Imports into Japan decreased at an average annual rate of -4.9% from 2012 to 2022. At the same time, South Korea (+13.5%) and China (+4.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +13.5% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Macao SAR (-6.2%) and Hong Kong SAR (-12.6%) illustrated a downward trend over the same period. While the share of South Korea (+15 p.p.) and China (+7.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-6.8 p.p.) and Hong Kong SAR (-16.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported table linen of cotton in Eastern Asia, comprising 57% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at -5.1%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+14.9% per year) and China (+3.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, leveling off at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 7.7% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and Macao SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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