Global Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size

The global narrow woven fabric market surged to $X in 2021, picking up by 22% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.8% against 2019 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Production

In value terms, narrow woven fabric production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.5% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 20%. Over the period under review, global production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports

In 2021, the amount of narrow woven fabrics exported worldwide soared to X tons, jumping by 20% on 2020. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporting country with an export of about X tons, which recorded 48% of total exports. It was distantly followed by the United States (X tons), Germany (X tons) and Taiwan (Chinese) (X tons), together committing a 14% share of total exports. Hong Kong SAR (X tons), South Korea (X tons), Turkey (X tons), India (X tons), Canada (X tons), Italy (X tons) and the Philippines (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to narrow woven fabric exports from China stood at +6.0%. At the same time, Turkey (+9.6%), Canada (+8.3%), India (+6.0%), Germany (+4.5%), the Philippines (+3.7%) and Italy (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.6% from 2012-2021. By contrast, Taiwan (Chinese) (-1.0%), Hong Kong SAR (-1.9%), South Korea (-2.2%) and the United States (-3.7%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Korea (-1.7 p.p.), Taiwan (Chinese) (-1.8 p.p.), Hong Kong SAR (-2.1 p.p.) and the United States (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest narrow woven fabric supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of global exports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +7.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+1.4% per year) and Germany (+2.1% per year).

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, picking up by 5.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.6%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.3%), while the other global leaders experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports

After two years of decline, purchases abroad of narrow woven fabrics increased by 16% to X tons in 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Global imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, narrow woven fabric imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), followed by Bangladesh (X tons), India (X tons) and Vietnam (X tons) represented the main importers of narrow woven fabrics, together creating 23% of total imports. The following importers - Hong Kong SAR (X tons), Myanmar (X tons), Mexico (X tons), Indonesia (X tons), Canada (X tons), Russia (X tons), Cambodia (X tons), Germany (X tons) and Poland (X tons) - together made up 29% of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +45.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest narrow woven fabric importing markets worldwide were Vietnam ($X), the United States ($X) and Hong Kong SAR ($X), together accounting for 23% of global imports. These countries were followed by Bangladesh, Mexico, Indonesia, Cambodia, India, Germany, Poland, Russia, Canada and Myanmar, which together accounted for a further 28%.

In terms of the main importing countries, Myanmar, with a CAGR of +13.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, increasing by 4.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 5%. Global import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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