Southern Asia: Textile Tubing Market 2024

Textile Tubing Market Size in Southern Asia

The South Asian textile tubing market reached $X in 2022, approximately equating the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +74.7% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Textile Tubing Production in Southern Asia

In value terms, textile tubing production stood at $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -0.2% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports in Southern Asia

In 2022, overseas shipments of textile hosepiping and similar textile tubing were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile tubing exports soared to $X in 2022. Overall, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2017 with an increase of 107% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the textile hosepiping and similar textile tubing exports, with a CAGR of +7.9% from 2012 to 2022. India (+2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest textile tubing supplier in Southern Asia.

In India, textile tubing exports increased at an average annual rate of +2.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by -37.3% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 28%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.4% per year.

Textile Tubing Imports

Imports in Southern Asia

Textile tubing imports skyrocketed to X tons in 2022, jumping by 22% on the year before. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 88%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, textile tubing imports soared to $X in 2022. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X tons) was the largest importer of textile hosepiping and similar textile tubing, achieving 70% of total imports. It was distantly followed by Bangladesh (X tons) and Pakistan (X tons), together committing a 26% share of total imports.

India was also the fastest-growing in terms of the textile hosepiping and similar textile tubing imports, with a CAGR of +18.2% from 2012 to 2022. At the same time, Bangladesh (+14.0%) and Pakistan (+8.0%) displayed positive paces of growth. India (+24 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -5.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported textile hosepiping and similar textile tubing in Southern Asia, comprising 61% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India totaled +9.0%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+17.1% per year) and Pakistan (+4.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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