Report Update Nov 1, 2024

Eastern Asia - Woven Fabrics of Flax - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Flax Fabric Market 2024

Flax Fabric Market Size in Eastern Asia

The East Asian flax fabric market surged to $X in 2022, rising by 26% against the previous year. In general, consumption continues to indicate a significant increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Flax Fabric Production in Eastern Asia

In value terms, flax fabric production surged to $X in 2022 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 49,693% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Flax Fabric Exports

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 94% of total exports in 2022. The following exporters - Hong Kong SAR (X tons) and South Korea (X tons) - each recorded a 4.4% share of total exports.

From 2020 to 2022, average annual rates of growth with regard to flax fabric exports from China stood at +5.9%. At the same time, South Korea (+37.5%) and Hong Kong SAR (+28.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +37.5% from 2020-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest flax fabric supplier in Eastern Asia, comprising 98% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 0.8% share of total exports.

In China, flax fabric exports increased at an average annual rate of +42.2% over the period from 2020-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-16.6% per year) and South Korea (-8.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 37% against the previous year. Export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +31.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax fabric export price increased by +71.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.3%), while the other leaders experienced a decline in the export price figures.

Flax Fabric Imports

Imports by Country

China (X tons), Japan (X tons), South Korea (X tons) and Hong Kong SAR (X tons) represented roughly 97% of total imports in 2022. Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2020 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +10.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 83% of total imports.

China, with a CAGR of +27.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 31% against the previous year. Import price indicated a strong expansion from 2020 to 2022: its price increased at an average annual rate of +18.3% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flax fabric import price increased by +39.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+38.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of flax in Eastern Asia?

China remains the largest flax fabric consuming country in Eastern Asia, comprising approx. 74% of total volume. Moreover, flax fabric consumption in China exceeded the figures recorded by the second-largest consumer, South Korea, sixfold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.9% share.

What are the largest producers of woven fabrics of flax in Eastern Asia?

The country with the largest volume of flax fabric production was China, comprising approx. 96% of total volume. It was followed by Taiwan Chinese), with a 2.4% share of total production.

What are the leading exporters of woven fabrics of flax in Eastern Asia?

In value terms, China remains the largest flax fabric supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 2.6% share of total exports.

What are the leading importers of woven fabrics of flax in Eastern Asia?

In value terms, South Korea, China and Hong Kong SAR were the countries with the highest levels of imports in 2021, together comprising 80% of total imports.

What is the average export price for woven fabrics of flax in Eastern Asia?

In 2021, the export price in Eastern Asia amounted to $12,966 per ton, leveling off at the previous year.

What is the average import price for woven fabrics of flax in Eastern Asia?

The import price in Eastern Asia stood at $13,313 per ton in 2021, dropping by -2.1% against the previous year.

This report provides an in-depth analysis of the flax fabric market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13201330 - Woven fabrics of flax, containing . .85 % by weight of flax
Prodcom 13201360 - Woven fabrics of flax, containing < .85 % by weight of flax

Country coverage:

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023