South-Eastern Asia: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in South-Eastern Asia

In 2021, the Southeast Asian market for braids in the piece, tassels and pompons, ornamental trimmings decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a strong expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in South-Eastern Asia

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings stood at $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% 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 -X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports in South-Eastern Asia

After three years of decline, overseas shipments of braids in the piece, tassels and pompons, ornamental trimmings increased by X% to X tons in 2021. Over the period under review, exports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings reached $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented roughly X% of total exports in 2021. It was distantly followed by Malaysia (X tons), achieving an X% share of total exports. Indonesia (X tons) and the Philippines (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest braids, tassels, pompons and ornamental trimmings supplying countries in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the al trimmings in South-Eastern Asia amounted to $X per ton, waning by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports in South-Eastern Asia

In 2021, approx. X tons of braids in the piece, tassels and pompons, ornamental trimmings were imported in South-Eastern Asia; with an increase of X% against the previous year's figure. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of braids in piece, tassels and pompons, ornamental trimmings attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings contracted to $X in 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Vietnam (X tons) was the largest importer of braids in the piece, tassels and pompons, ornamental trimmings, committing X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Cambodia (X%). Thailand (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to braids, tassels, pompons and ornamental trimmings imports into Vietnam stood at +X%. At the same time, Myanmar (+X%), Cambodia (+X%), Indonesia (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. While the share of Vietnam (+X p.p.) and Cambodia (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-X p.p.) and Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported braids in the piece, tassels and pompons, ornamental trimmings in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

In Vietnam, imports of braids in the piece, tassels and pompons, ornamental trimmings expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Cambodia (+X% per year).

Import Prices by Country

The al trimmings in South-Eastern Asia stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period under review, the import price recorded a slight decline. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform