South-Eastern Asia: Noils Of Wool Market 2025

Noils Of Wool Market Size in South-Eastern Asia

The Southeast Asian noils of wool market fell modestly to $X in 2021, approximately mirroring the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Noils Of Wool Production in South-Eastern Asia

In value terms, noils of wool production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Noils Of Wool Exports

Exports in South-Eastern Asia

After three years of decline, overseas shipments of noils of wool or fine animal hair increased by 42% to X tons in 2021. In general, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 80% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, noils of wool exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the key exporter of noils of wool or fine animal hair in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 69% of total exports in 2021. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together mixing up a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to noils of wool exports from Thailand stood at +16.9%. At the same time, Vietnam (+55.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +55.5% from 2012-2021. By contrast, Malaysia (-19.0%) illustrated a downward trend over the same period. While the share of Thailand (+69 p.p.) and Vietnam (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-74.7 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest noils of wool supplier in South-Eastern Asia, comprising 73% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total exports.

In Thailand, noils of wool exports expanded at an average annual rate of +19.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-25.0% per year) and Vietnam (+60.5% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, shrinking by -14.3% against the previous year. In general, the export price saw a pronounced contraction. The growth pace was the most rapid in 2014 when the export price increased by 8.6%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Vietnam ($X per ton), while Malaysia ($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 (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Noils Of Wool Imports

Imports in South-Eastern Asia

In 2021, imports of noils of wool or fine animal hair in South-Eastern Asia shrank markedly to X kg, falling by -57.1% compared with 2020 figures. In general, imports faced a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 10,777%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, noils of wool imports reduced rapidly to $X in 2021. Overall, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 2,878% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of noils of wool imports in 2021 were the Philippines (X kg), together finishing at 99% of total import.

The Philippines was also the fastest-growing in terms of the noils of wool or fine animal hair imports, with a CAGR of +613.1% from 2012 to 2021. While the share of the Philippines (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported noils of wool or fine animal hair in South-Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines totaled +480.7%.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -39.1% against the previous year. Overall, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 521% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Philippines.

From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to -18.6% per year.

Source: IndexBox Platform

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