Japan: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Japan

The Japanese pile and chenille fabric market expanded rapidly to $X in 2021, growing by 6.2% against the previous year. Over the period under review, consumption recorded a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 8.6%. Pile and chenille fabric consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Woven Pile Fabrics And Chenille Fabrics in Japan

In value terms, pile and chenille fabric production dropped slightly to $X in 2021 estimated in export price. Overall, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of 14%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Japan

In 2021, the amount of woven pile fabrics and chenille fabrics exported from Japan declined to X tons, shrinking by -11.3% on 2020 figures. In general, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports shrank to $X in 2021. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 4.5%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for pile and chenille fabric exports from Japan, accounting for a 75% share of total exports. Moreover, pile and chenille fabric exports to China exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-7.9% per year) and Hong Kong SAR (-9.7% per year).

In value terms, China ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Japan, comprising 52% of total exports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-11.3% per year) and Hong Kong SAR (-10.1% per year).

Export Prices by Country

In 2021, the average pile and chenille fabric export price amounted to $X per ton, growing by 3.1% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 8.2%. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kenya ($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 Saudi Arabia (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Japan

Pile and chenille fabric imports into Japan soared to X tons in 2021, jumping by 17% against the year before. Overall, imports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2013 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, pile and chenille fabric imports stood at $X in 2021. In general, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2013 when imports increased by 13%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pile and chenille fabric to Japan, with a 58% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.0% per year) and Vietnam (-8.1% per year).

In value terms, the largest pile and chenille fabric suppliers to Japan were China ($X), Vietnam ($X) and Germany ($X), with a combined 68% share of total imports. Italy, Spain, Turkey, South Korea, Belgium and the UK lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Spain, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, with a decrease of -6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 an increase of 15%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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