Japan: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Japan

The Japanese cotton embroidery market was estimated at $X in 2022, picking up by 8.4% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cotton Embroidery Production in Japan

In value terms, cotton embroidery production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 89%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Cotton Embroidery Exports

Exports from Japan

In 2022, shipments abroad of cotton embroidery in the piece increased by 31% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton embroidery exports surged to $X in 2022. In general, exports, however, saw a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for cotton embroidery exports from Japan, with a 48% share of total exports. Moreover, cotton embroidery exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Vietnam (X kg), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+42.4% per year) and Vietnam (-7.7% per year).

In value terms, China ($X) remains the key foreign market for cotton embroidery in the piece exports from Japan, comprising 38% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.5% per year) and Vietnam (-11.4% per year).

Export Prices by Country

In 2022, the average cotton embroidery export price amounted to $X per ton, rising by 12% 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 2020 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Embroidery Imports

Imports into Japan

In 2022, cotton embroidery imports into Japan shrank remarkably to X tons, which is down by -60.9% against the previous year. In general, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 311% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton embroidery imports declined significantly to $X in 2022. Over the period under review, imports saw a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 133%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cotton embroidery to Japan, with a 66% share of total imports. Moreover, cotton embroidery imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.5% per year) and Thailand (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of cotton embroidery in the piece to Japan, comprising 45% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.2% per year) and Thailand (+7.0% per year).

Import Prices by Country

In 2022, the average cotton embroidery import price amounted to $X per ton, surging by 57% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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