Eastern Asia: Market for Table Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Table Linen Of Knitted Or Crocheted Textiles in Eastern Asia

The East Asian market for table linen of knitted or crocheted textiles expanded notably to $X in 2021, surging by 10% against the previous year. In general, consumption, however, showed a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Table Linen Of Knitted Or Crocheted Textiles in Eastern Asia

In value terms, table linen of crocheted textile production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The growth pace was the most rapid in 2019 when the production volume increased by 30%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Table Linen Of Knitted Or Crocheted Textiles

Exports in Eastern Asia

In 2021, approx. X tons of table linen of knitted or crocheted textiles were exported in Eastern Asia; leveling off at 2020. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 30%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, table linen of crocheted textile exports surged to $X in 2021. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 42% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X tons), together amounting to 99% of total export.

China was also the fastest-growing in terms of the table linen of knitted or crocheted textiles exports, with a CAGR of -8.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In China, table linen of crocheted textile exports contracted by an average annual rate of -9.5% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood 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 2021, the rate of growth in terms of prices for China amounted to -0.7% per year.

Imports of Table Linen Of Knitted Or Crocheted Textiles

Imports in Eastern Asia

In 2021, after three years of decline, there was significant growth in supplies from abroad of table linen of knitted or crocheted textiles, when their volume increased by 51% to X tons. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, table linen of crocheted textile imports rose remarkably to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 23% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Hong Kong SAR (X tons) represented the largest importer of table linen of knitted or crocheted textiles, constituting 55% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 19% share, followed by Taiwan (Chinese) (12%) and Japan (10%). China (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to table linen of crocheted textile imports into Hong Kong SAR stood at +17.8%. At the same time, Taiwan (Chinese) (+34.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +34.9% from 2012-2021. By contrast, Japan (-7.8%), South Korea (-8.2%) and China (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR and Taiwan (Chinese) increased by +42 and +11 percentage points, respectively.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 88% share of total imports. These countries were followed by China and Taiwan (Chinese), which together accounted for a further 11%.

Taiwan (Chinese), with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, which is down by -28.2% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2015 when the import price increased by 20%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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