Southern Asia: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Southern Asia

After four years of growth, the South Asian market for non-woven, felt and coated textile garments decreased by -0.9% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.3% against 2016 indices. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Non-Woven, Felt and Coated Textile Garments in Southern Asia

In value terms, production of non-woven, felt and coated textile garments rose slightly to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 30%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports in Southern Asia

In 2021, exports of non-woven, felt and coated textile garments in Southern Asia rose sharply to X units, growing by 15% on 2020 figures. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 168% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of non-woven, felt and coated textile garments amounted to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 198% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Bangladesh dominates garments structure, reaching X units, which was approx. 89% of total exports in 2021. It was distantly followed by Sri Lanka (X units), creating a 7.2% share of total exports. India (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-woven, felt and coated textile garment exports from Bangladesh stood at +27.6%. At the same time, Sri Lanka (+46.5%) and India (+18.7%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +46.5% from 2012-2021. From 2012 to 2021, the share of Sri Lanka increased by +5.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) remains the largest non-woven, felt and coated textile garment supplier in Southern Asia, comprising 85% of total exports. The second position in the ranking was held by India ($X), with an 8.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Bangladesh amounted to +25.5%. In the other countries, the average annual rates were as follows: India (+16.4% per year) and Sri Lanka (+28.9% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, with a decrease of -6.5% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports in Southern Asia

In 2021, approx. X units of non-woven, felt and coated textile garments were imported in Southern Asia; which is down by -3% on the previous year's figure. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 190% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2020, and then declined in the following year.

In value terms, imports of non-woven, felt and coated textile garments shrank rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 447%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2021, Bangladesh (X units) represented the largest importer of non-woven, felt and coated textile garments, comprising 59% of total imports. India (X units) ranks second in terms of the total imports with a 29% share, followed by Nepal (6.9%). The following importers - Sri Lanka (X units) and Afghanistan (X units) - each amounted to a 3.8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +63.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Nepal ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2021, together comprising 89% of total imports.

Bangladesh, with a CAGR of +39.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, falling by -62% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2020 an increase of 119%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nepal ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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