South-Eastern Asia: Hand-Woven Tapestry Market 2025

Hand-Woven Tapestry Market Size in South-Eastern Asia

In 2021, the Southeast Asian hand-woven tapestry market decreased by -21.7% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a deep setback. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Hand-Woven Tapestry Production in South-Eastern Asia

In value terms, hand-woven tapestry production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hand-Woven Tapestry Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais were exported in South-Eastern Asia; with a decrease of -59.4% against the previous year's figure. Overall, exports faced a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 45%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, hand-woven tapestry exports fell notably to $X in 2021. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 64%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines was the key exporter of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in South-Eastern Asia, with the volume of exports recording X tons, which was near 55% of total exports in 2021. Vietnam (X tons) held a 29% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (11%). Indonesia (X kg) followed a long way behind the leaders.

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 +42.6%), while the other leaders experienced a decline in the exports figures.

In value terms, the Philippines ($X) remains the largest hand-woven tapestry supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.5% share of total exports. It was followed by Vietnam, with a 4.5% share.

In the Philippines, hand-woven tapestry exports contracted by an average annual rate of -11.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (-7.9% per year) and Vietnam (+40.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 54% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 when the export price increased by 264%. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($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 (+14.6%), while the other leaders experienced a decline in the export price figures.

Hand-Woven Tapestry Imports

Imports in South-Eastern Asia

In 2021, the amount of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais imported in South-Eastern Asia contracted rapidly to X tons, which is down by -45% on the year before. Overall, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 399%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, hand-woven tapestry imports fell sharply to $X in 2021. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of 185%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) was the key importer of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, achieving 65% of total imports. It was distantly followed by Singapore (X tons) and Cambodia (X tons), together creating a 27% share of total imports. Malaysia (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Imports into Vietnam increased at an average annual rate of +54.1% from 2012 to 2021. At the same time, Lao People's Democratic Republic (+57.1%) and Cambodia (+45.8%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +57.1% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (-6.0%) illustrated a downward trend over the same period. While the share of Vietnam (+63 p.p.), Cambodia (+5.4 p.p.) and Lao People's Democratic Republic (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-32.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in South-Eastern Asia, comprising 77% of total imports. The second position in the ranking was held by Singapore ($X), with an 18% share of total imports. It was followed by Malaysia, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +57.4%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-3.7% per year) and Malaysia (+1.2% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 2% against the previous year. Over the period under review, the import price enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2016 when the import price increased by 609%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :