Southern Asia: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2025

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Southern Asia

The South Asian knitted shawl and scarf market surged to $X in 2022, jumping by 16% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Southern Asia

In value terms, knitted shawl and scarf production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 48%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports in Southern Asia

In 2022, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles decreased by -47.4% to X units, falling for the second consecutive year after four years of growth. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 132%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knitted shawl and scarf exports shrank rapidly to $X in 2022. Over the period under review, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 155% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Pakistan was the main exporter of shawls, scarves and the like of knitted or crocheted textiles in Southern Asia, with the volume of exports finishing at X units, which was near 52% of total exports in 2022. Bangladesh (X units) held a 33% share (based on physical terms) of total exports, which put it in second place, followed by India (15%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bangladesh (with a CAGR of +31.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Bangladesh ($X), Pakistan ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 98% share of total exports.

Bangladesh, with a CAGR of +36.8%, saw the highest growth rate of the value of exports, among 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 Southern Asia stood at $X per unit in 2022, surging by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.7%), while the other leaders experienced a decline in the export price figures.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports in Southern Asia

In 2022, knitted shawl and scarf imports in Southern Asia fell to X units, dropping by -7.5% on the previous year's figure. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 124% against the previous year. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, knitted shawl and scarf imports contracted to $X in 2022. Overall, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

India was the largest importer of shawls, scarves and the like of knitted or crocheted textiles in Southern Asia, with the volume of imports recording X units, which was near 66% of total imports in 2022. It was distantly followed by Pakistan (X units) and Bangladesh (X units), together creating a 31% share of total imports. Afghanistan (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +29.0% from 2012 to 2022. At the same time, Bangladesh (+39.4%) and Pakistan (+28.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +39.4% from 2012-2022. By contrast, Afghanistan (-2.1%) illustrated a downward trend over the same period. While the share of India (+23 p.p.), Bangladesh (+9.8 p.p.) and Pakistan (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (-21 p.p.) displayed negative dynamics.

In value terms, India ($X), Pakistan ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2022, with a combined 91% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, declining by -4.3% against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 39% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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