Bed Linen Of Knitted Or Crocheted Textiles Market

The article delves into the global market for bed linen of knitted or crocheted textiles, highlighting key trends such as consumption patterns, production volumes, import/export statistics, and market values. With a forecasted growth rate and analysis of top consuming and producing countries, the market outlook remains optimistic. Detailed insights into consumption and production patterns from 2012 to 2022 provide a comprehensive overview of the industry landscape. Key players such as Russia, China, the United States, and Turkey emerge as significant contributors to market growth, underscoring the market's potential for expansion in the coming years.

Market Forecast

Driven by increasing demand for bed linen of knitted or crocheted textiles worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 689K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $6.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bed Linen Of Knitted Or Crocheted Textiles

In 2022, after ten years of growth, there was significant decline in consumption of bed linen of knitted or crocheted textiles, when its volume decreased by -6.6% to 538K tons. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +67.4% against 2012 indices. As a result, consumption reached the peak volume of 576K tons, and then dropped in the following year.

The revenue of the market for bed linen of knitted or crocheted textiles worldwide reduced to $4.3B in 2022, which is down by -5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +35.3% against 2014 indices. As a result, consumption attained the peak level of $4.6B, and then fell in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Russia (82K tons), China (69K tons) and the United States (46K tons), together accounting for 36% of global consumption. India, Germany, Nigeria, Indonesia, Turkey, Japan, Brazil, Bangladesh, Pakistan and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +15.2%), while textiles for the other global leaders experienced more modest paces of growth.

In value terms, the largest bed linen of knitted or crocheted textiles markets worldwide were Russia ($679M), China ($470M) and the United States ($318M), with a combined 34% share of the global market. Germany, India, Turkey, the UK, Brazil, Japan, Indonesia, Bangladesh, Nigeria and Pakistan lagged somewhat behind, together comprising a further 34%.

Among the main consuming countries, Turkey, with a CAGR of +17.6%, recorded the highest rates of growth with regard to market size over the period under review, while textiles for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of bed linen of knitted or crocheted textiles per capita consumption in 2022 were Russia (568 kg per 1000 persons), Germany (350 kg per 1000 persons) and Turkey (159 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of textiles, amongst the key consuming countries, was attained by Turkey (with a CAGR of +13.7%), while textiles for the other global leaders experienced more modest paces of growth.

Production

World Production of Bed Linen Of Knitted Or Crocheted Textiles

In 2022, global production of bed linen of knitted or crocheted textiles reduced to 610K tons, dropping by -6.2% compared with the previous year's figure. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +74.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, production reached the peak volume of 650K tons, and then dropped in the following year.

In value terms, production of bed linen of knitted or crocheted textiles declined to $4.7B in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. Over the period under review, global production of hit record highs at $5.1B in 2021, and then declined in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were Pakistan (142K tons), China (135K tons) and Russia (81K tons), with a combined 59% share of global production. India, Turkey, Nigeria, Indonesia, Bangladesh, Brazil and Mexico lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +13.0%), while textiles for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Bed Linen Of Knitted Or Crocheted Textiles

In 2022, after two years of growth, there was significant decline in supplies from abroad of bed linen of knitted or crocheted textiles, when their volume decreased by -8.8% to 202K tons. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of 222K tons, and then dropped in the following year.

In value terms, imports of bed linen of knitted or crocheted textiles declined modestly to $1.6B in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.1% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $1.6B, and then shrank slightly in the following year.

Imports By Country

The United States (46K tons) and Germany (36K tons) represented the largest importers of bed linen of knitted or crocheted textiles in 2022, accounting for near 23% and 18% of total imports, respectively. The Netherlands (13K tons) ranks next in terms of the total imports with a 6.4% share, followed by Japan (6.3%). Austria (8.1K tons), France (8K tons), Spain (6.6K tons), Mozambique (5.4K tons), the UK (5.1K tons), Poland (5K tons), Belgium (4.4K tons), Italy (3.6K tons) and the Czech Republic (3.4K tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of +72.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bed linen of knitted or crocheted textiles importing markets worldwide were Germany ($329M), the United States ($322M) and Japan ($132M), together accounting for 50% of global imports. The Netherlands, France, Austria, the UK, Poland, Spain, Belgium, the Czech Republic, Italy and Mozambique lagged somewhat behind, together comprising a further 29%.

Mozambique, with a CAGR of +40.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for bed linen of knitted or crocheted textiles stood at $7,787 per ton in 2022, growing by 7.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Global import price peaked at $7,995 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($10,347 per ton), while Mozambique ($699 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Bed Linen Of Knitted Or Crocheted Textiles

Global exports of bed linen of knitted or crocheted textiles dropped to 274K tons in 2022, with a decrease of -7.3% against the previous year. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of 296K tons, and then contracted in the following year.

In value terms, exports of bed linen of knitted or crocheted textiles dropped slightly to $2.1B in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports attained the peak of $2.1B, leveling off in the following year.

Exports By Country

In 2022, Pakistan (130K tons) represented the key exporter of bed linen of knitted or crocheted textiles, creating 47% of total exports. China (67K tons) ranks second in terms of the total exports with a 24% share, followed by Turkey (6.3%). The following exporters - the Netherlands (9.3K tons), Germany (7.3K tons) and Spain (4.1K tons) - together made up 7.6% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest bed linen of knitted or crocheted textiles supplying countries worldwide were Pakistan ($867M), China ($511M) and Turkey ($139M), with a combined 72% share of global exports.

China, with a CAGR of +19.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for bed linen of knitted or crocheted textiles stood at $7,669 per ton in 2022, picking up by 7.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($12,112 per ton), while Pakistan ($6,663 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform