India: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in India

After six years of growth, the Indian pile and chenille fabric market decreased by -5% to $X in 2021. Over the period under review, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Woven Pile Fabrics And Chenille Fabrics in India

In value terms, pile and chenille fabric production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 106% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from India

In 2021, overseas shipments of woven pile fabrics and chenille fabrics were finally on the rise to reach X tons after two years of decline. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 152%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pile and chenille fabric exports soared to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 when exports increased by 112%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Bangladesh (X tons) and the UK (X tons) were the main destinations of pile and chenille fabric exports from India, with a combined 48% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +106.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bangladesh ($X) and the UK ($X) constituted the largest markets for pile and chenille fabric exported from India worldwide, together comprising 49% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +112.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The export price peaked at $X per ton in 2020, and then reduced modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sri Lanka (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into India

In 2021, purchases abroad of woven pile fabrics and chenille fabrics increased by 30% to X tons, rising for the fourth year in a row after five years of decline. Over the period under review, imports continue to indicate notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 114% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, pile and chenille fabric imports surged to $X in 2021. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 96%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest pile and chenille fabric supplier to India, with a 61% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.4% per year) and the United Arab Emirates (-1.5% per year).

In value terms, China ($X) constituted the largest supplier of woven pile fabrics and chenille fabrics to India, comprising 66% of total imports. The second position in the ranking was held by Turkey ($X), with a 22% share of total imports. It was followed by Hong Kong SAR, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+30.2% per year) and Hong Kong SAR (-4.0% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, increasing by 1.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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