South-Eastern Asia: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2025

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in South-Eastern Asia

In 2022, the Southeast Asian market for coconut, abaca, ramie and other vegetable textile fibres decreased by -32.1% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in South-Eastern Asia

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres declined to $X in 2022 estimated in export price. Overall, production saw a slight decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by 39%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), the Philippines (X tons) and Vietnam (X tons), together accounting for 77% of total production.

From 2012 to 2022, the most notable rate of growth in terms of fibres, amongst the key producing countries, was attained by the Philippines (with a CAGR of +5.1%), while fibres for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in South-Eastern Asia contracted to X tons per ha, dropping by -14.6% against 2021 figures. Overall, the yield recorded a mild slump. The pace of growth appeared the most rapid in 2020 when the yield increased by 15% against the previous year. Over the period under review, the yield of coconut, abaca, ramie and other vegetable textile fibres attained the maximum level at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconut, abaca, ramie and other vegetable textile fibres production in South-Eastern Asia declined slightly to X ha, remaining relatively unchanged against 2021. Overall, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 5.2% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the harvested area of coconut, abaca, ramie and other vegetable textile fibres remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in South-Eastern Asia

In 2022, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres decreased by -3.9% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 26%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres shrank notably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 42%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Vietnam (X tons), distantly followed by Indonesia (X tons), the Philippines (X tons) and Thailand (X tons) were the largest exporters of coconut, abaca, ramie and other vegetable textile fibres, together achieving 96% of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +10.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

The Philippines, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, dropping by -11.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 13% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in South-Eastern Asia

In 2022, overseas purchases of coconut, abaca, ramie and other vegetable textile fibres decreased by -33.1% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 65%. The volume of import peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres dropped sharply to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 116%. The level of import peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

The Philippines was the key importer of coconut, abaca, ramie and other vegetable textile fibres in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. 43% of total imports in 2022. Singapore (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (17%) and Malaysia (16%). Vietnam (X tons) took a minor share of total imports.

The Philippines was also the fastest-growing in terms of the coconut, abaca, ramie and other vegetable textile fibres imports, with a CAGR of +49.1% from 2012 to 2022. At the same time, Singapore (+22.0%), Indonesia (+5.6%) and Vietnam (+1.6%) displayed positive paces of growth. By contrast, Malaysia (-1.1%) illustrated a downward trend over the same period. The Philippines (+41 p.p.) and Singapore (+11 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Indonesia and Malaysia saw its share reduced by -3.4%, -11.8% and -37.1% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported coconut, abaca, ramie and other vegetable textile fibres in South-Eastern Asia, comprising 72% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total imports. It was followed by Malaysia, with a 6.2% share.

In the Philippines, imports of coconut, abaca, ramie and other vegetable textile fibres increased at an average annual rate of +58.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+8.2% per year) and Malaysia (+5.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 21% against the previous year. Overall, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform