Southern Asia: Textile Wadding Market 2022

Textile Wadding Market Size in Southern Asia

The South Asian textile wadding market totaled $X in 2021, standing approx. at the previous year. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.3% against 2012 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Textile Wadding Production in Southern Asia

In value terms, textile wadding production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. The level of production peaked at $X in 2020, and then declined slightly in the following year.

Textile Wadding Exports

Exports in Southern Asia

In 2021, approx. X tons of wadding of textile materials and articles thereof were exported in Southern Asia; picking up by 2.5% against the previous year's figure. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 55%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, textile wadding exports expanded to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.7% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

India prevails in exports structure, resulting at X tons, which was approx. 94% of total exports in 2021. Pakistan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the wadding of textile materials and articles thereof exports, with a CAGR of +6.3% from 2012 to 2021. At the same time, Pakistan (+4.6%) displayed positive paces of growth. By contrast, Sri Lanka (-2.2%) illustrated a downward trend over the same period. India (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -1.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest textile wadding supplier in Southern Asia, comprising 92% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+3.5% per year) and Sri Lanka (-1.9% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, flattening at the previous year. In general, the export price, however, showed a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Pakistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.3%), while the other leaders experienced a decline in the export price figures.

Textile Wadding Imports

Imports in Southern Asia

In 2021, approx. X tons of wadding of textile materials and articles thereof were imported in Southern Asia; with an increase of 24% compared with 2020. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, textile wadding imports soared to $X in 2021. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the largest importer of wadding of textile materials and articles thereof, mixing up 61% of total imports. Bangladesh (X tons) held the second position in the ranking, followed by Pakistan (X tons) and Sri Lanka (X tons). All these countries together took near 35% share of total imports. Nepal (X tons) held a little share of total imports.

Imports into India increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Pakistan (+20.0%), Bangladesh (+12.9%) and Nepal (+8.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.0% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. While the share of Pakistan (+6.2 p.p.) and India (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-9.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported wadding of textile materials and articles thereof in Southern Asia, comprising 68% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 11% share of total imports. It was followed by Nepal, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in India totaled +11.8%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+10.4% per year) and Nepal (+19.4% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 22%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+10.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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