Thailand: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Thailand

In 2021, the Thai pile and chenille fabric market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Thailand

In 2021, overseas shipments of woven pile fabrics and chenille fabrics increased by 22% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 144%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports soared to $X in 2021. In general, exports, however, saw a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons) was the main destination for pile and chenille fabric exports from Thailand, with a 86% share of total exports. Moreover, pile and chenille fabric exports to Senegal exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal totaled +77.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+38.6% per year) and Myanmar (-27.7% per year).

In value terms, Senegal ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Thailand, comprising 84% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by Myanmar, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Senegal amounted to +137.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+32.0% per year) and Myanmar (-32.8% per year).

Export Prices by Country

The average pile and chenille fabric export price stood at $X per ton in 2021, increasing by 22% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 57%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Thailand

In 2021, supplies from abroad of woven pile fabrics and chenille fabrics increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a drastic downturn. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, pile and chenille fabric imports surged to $X in 2021. Over the period under review, imports, however, showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of 24%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main pile and chenille fabric supplier to Thailand, with a 91% share of total imports. It was followed by Turkey (X tons), with a 2.3% share of total imports. Belgium (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.4% per year) and Belgium (-7.3% per year).

In value terms, China ($X) constituted the largest supplier of woven pile fabrics and chenille fabrics to Thailand, comprising 80% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.6% share of total imports. It was followed by Belgium, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.2% per year) and Belgium (-8.1% per year).

Import Prices by Country

The average pile and chenille fabric import price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :