Southern Asia: Market for Woven Pile Fabrics And Chenille Fabrics 2025

Market Size for Woven Pile Fabrics And Chenille Fabrics in Southern Asia

The South Asian pile and chenille fabric market skyrocketed to $X in 2021, jumping by 19% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Woven Pile Fabrics And Chenille Fabrics in Southern Asia

In value terms, pile and chenille fabric production declined to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 50%. Over the period under review, production attained the peak level at $X in 2020, and then shrank slightly in the following year.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports in Southern Asia

After two years of decline, shipments abroad of woven pile fabrics and chenille fabrics increased by 58% to X tons in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 86%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, pile and chenille fabric exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 70%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India was the main exporting country with an export of about X tons, which amounted to 79% of total exports. It was distantly followed by Pakistan (X tons), committing a 19% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the woven pile fabrics and chenille fabrics exports, with a CAGR of +7.6% from 2012 to 2021. At the same time, Bangladesh (+5.0%) displayed positive paces of growth. By contrast, Pakistan (-3.1%) illustrated a downward trend over the same period. While the share of India (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Pakistan (-18 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest pile and chenille fabric supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +8.6%. In the other countries, the average annual rates were as follows: Pakistan (-9.1% per year) and Bangladesh (+6.3% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, picking up by 1.5% against the previous year. Overall, the export price continues to indicate a slight increase. The pace of growth appeared the most rapid in 2017 an increase of 26%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports in Southern Asia

In 2021, the amount of woven pile fabrics and chenille fabrics imported in Southern Asia soared to X tons, with an increase of 42% on 2020. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of 87% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, pile and chenille fabric imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 79% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Bangladesh prevails in imports structure, recording X tons, which was near 84% of total imports in 2021. It was distantly followed by India (X tons) and Sri Lanka (X tons), together making up a 12% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the woven pile fabrics and chenille fabrics imports, with a CAGR of +16.1% from 2012 to 2021. At the same time, Pakistan (+7.2%) and India (+4.5%) displayed positive paces of growth. By contrast, Sri Lanka (-9.6%) illustrated a downward trend over the same period. While the share of Bangladesh (+31 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-4.6 p.p.) and Sri Lanka (-25.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported woven pile fabrics and chenille fabrics in Southern Asia, comprising 75% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by Sri Lanka, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value in Bangladesh amounted to +13.1%. In the other countries, the average annual rates were as follows: India (+5.3% per year) and Sri Lanka (-9.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 3.4% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 6.6%. Over the period under review, import prices attained the peak figure at $X per ton 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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