Japan: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Japan

The Japanese quilted textile products market stood at $X in 2021, growing by 6.3% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Quilted Textile Products Production in Japan

In value terms, quilted textile products production rose rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Quilted Textile Products Exports

Exports from Japan

In 2021, overseas shipments of quilted textile products in the piece (excluding embroidery) were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, quilted textile products exports expanded rapidly to $X in 2021. In general, exports, however, continue to indicate a pronounced decrease. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for quilted textile products exports from Japan, with a 66% share of total exports. Moreover, quilted textile products exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.5% per year) and Cambodia (+43.7% per year).

In value terms, Vietnam ($X), China ($X) and Cambodia ($X) constituted the largest markets for quilted textile products exported from Japan worldwide, with a combined 96% share of total exports.

Cambodia, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, waning by -2.5% against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 an increase of 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($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 Vietnam (-1.9%), while the prices for the other major destinations experienced a decline.

Quilted Textile Products Imports

Imports into Japan

Quilted textile products imports into Japan totaled X tons in 2021, picking up by 15% against the year before. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, quilted textile products imports expanded to $X in 2021. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 112%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest quilted textile products supplier to Japan, accounting for a 75% share of total imports. Moreover, quilted textile products imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. Turkey (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+20.6% per year) and Turkey (+30.0% per year).

In value terms, China ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Japan, comprising 54% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Thailand, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+33.3% per year) and Thailand (+20.3% per year).

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, reducing by -9.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 64%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for China ($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 (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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