India: Wadding Market 2024

Wadding Market Size in India

The Indian wadding market stood at $X in 2021, picking up by 2.2% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.7% against 2019 indices. Wadding consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wadding Production in India

In value terms, wadding production totaled $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.9% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 34%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wadding Exports

Exports from India

In 2021, the amount of wadding exported from India declined to X tons, which is down by -6.3% on the previous year. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then fell in the following year.

In value terms, wadding exports declined to $X in 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.6% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 47% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then dropped modestly in the following year.

Exports by Country

Italy (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of wadding exports from India, together comprising 44% of total exports. These countries were followed by Germany, the United States, the UK, Spain, Belgium, China, South Africa, Switzerland, the Philippines and Greece, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +259.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for wadding exports from India, comprising 23% of total exports. The second position in the ranking was held by Italy ($X), with a 10% share of total exports. It was followed by the Netherlands, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.8% per year) and the Netherlands (+3.8% per year).

Export Prices by Country

In 2021, the average wadding export price amounted to $X per ton, rising by 5.3% against the previous year. In general, the export price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into India

Wadding imports into India rose remarkably to X tons in 2021, surging by 14% against the year before. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 74%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wadding imports soared to $X in 2021. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 64% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Singapore (X tons) were the main suppliers of wadding imports to India, with a combined 47% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +78.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wadding suppliers to India were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined 49% share of total imports.

Singapore, with a CAGR of +79.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wadding import price stood at $X per ton in 2021, jumping by 41% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 48% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for the United States ($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 (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform