Pile And Chenille Fabric Market

The article discusses the increasing demand for woven pile fabrics and chenille fabrics globally, with the market expected to grow in volume and value over the next eight years. Consumption trends, market performance, major consuming countries, production, import, and export trends are analyzed in detail. China stands out as the largest consumer and producer of pile and chenille fabrics, with significant growth rates observed in certain countries. The article provides insights into the types of fabrics imported and exported, as well as the average prices in the market.

Market Forecast

Driven by increasing demand for woven pile fabrics and chenille fabrics worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 399K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $4.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Woven Pile Fabrics And Chenille Fabrics

In 2022, the amount of woven pile fabrics and chenille fabrics consumed worldwide fell modestly to 344K tons, remaining constant against the previous year's figure. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of 355K tons. From 2014 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global pile and chenille fabric market revenue was estimated at $3.3B in 2022, picking up by 2.2% 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). The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $3.5B. From 2020 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

China (81K tons) remains the largest pile and chenille fabric consuming country worldwide, comprising approx. 24% of total volume. Moreover, pile and chenille fabric consumption in China exceeded the figures recorded by the second-largest consumer, the United States (30K tons), threefold. The third position in this ranking was held by India (28K tons), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +5.7%. In the other countries, the average annual rates were as follows: the United States (-1.5% per year) and India (+4.2% per year).

In value terms, the largest pile and chenille fabric markets worldwide were Turkey ($697M), China ($636M) and the United States ($225M), together accounting for 48% of the global market. Bangladesh, Vietnam, the UK, Indonesia, South Korea, Poland, Pakistan, India, Kyrgyzstan and Brazil lagged somewhat behind, together comprising a further 21%.

Among the main consuming countries, Bangladesh, with a CAGR of +14.7%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of pile and chenille fabric per capita consumption was registered in Kyrgyzstan (842 kg per 1000 persons), followed by Poland (218 kg per 1000 persons), Vietnam (142 kg per 1000 persons) and the UK (140 kg per 1000 persons), while the world average per capita consumption of pile and chenille fabric was estimated at 44 kg per 1000 persons.

In Kyrgyzstan, pile and chenille fabric per capita consumption plunged by an average annual rate of -3.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Poland (+2.4% per year) and Vietnam (+10.8% per year).

Production

World Production of Woven Pile Fabrics And Chenille Fabrics

In 2022, global production of woven pile fabrics and chenille fabrics contracted modestly to 363K tons, which is down by -3.4% compared with the year before. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 14%. As a result, production attained the peak volume of 382K tons. From 2020 to 2022, global production growth failed to regain momentum.

In value terms, pile and chenille fabric production shrank to $3.9B in 2022 estimated in export price. In general, production, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 100% against the previous year. Global production peaked at $8.3B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (219K tons) constituted the country with the largest volume of pile and chenille fabric production, comprising approx. 60% of total volume. Moreover, pile and chenille fabric production in China exceeded the figures recorded by the second-largest producer, India (28K tons), eightfold. Turkey (18K tons) ranked third in terms of total production with a 5% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (+4.4% per year) and Turkey (-2.7% per year).

Imports

World Imports of Woven Pile Fabrics And Chenille Fabrics

In 2022, approx. 170K tons of woven pile fabrics and chenille fabrics were imported worldwide; which is down by -6.6% compared with 2021. Over the period under review, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, global imports reached the peak figure at 208K tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, pile and chenille fabric imports contracted slightly to $1.4B in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, global imports hit record highs at $1.5B in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (25K tons), followed by Bangladesh (16K tons), Vietnam (14K tons), Poland (11K tons) and the UK (11K tons) represented the major importers of woven pile fabrics and chenille fabrics, together making up 45% of total imports. The following importers - Belgium (4.8K tons), Italy (4.6K tons), Russia (4.3K tons), Germany (4K tons), Morocco (3.5K tons), South Korea (3.3K tons), the United Arab Emirates (3.2K tons) and Kazakhstan (3K tons) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +17.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pile and chenille fabric importing markets worldwide were the United States ($185M), Bangladesh ($136M) and Vietnam ($134M), together accounting for 33% of global imports. The UK, Poland, Italy, Germany, Morocco, Belgium, Russia, the United Arab Emirates, South Korea and Kazakhstan lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, South Korea, with a CAGR of +14.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, fabrics; chenille, of man-made fibres, other than fabrics of heading no. 5802 or 5806 (69K tons) was the key type of woven pile fabrics and chenille fabrics, creating 42% of total imports. It was distantly followed by fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806 (31K tons), fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (23K tons), fabrics; woven pile, of man-made fibres, cut corduroy, other than fabrics of heading no. 5802 or 5806 (15K tons) and fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (14K tons), together constituting a 50% share of total imports. Fabrics; woven pile, of cotton, weft pile fabrics other than uncut and corduroy, other than fabrics of heading no. 5802 or 5806 (4.4K tons) and fabrics; woven pile, of cotton, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (3.2K tons) held a minor share of total imports.

Imports of fabrics; chenille, of man-made fibres, other than fabrics of heading no. 5802 or 5806 decreased at an average annual rate of -4.1% from 2012 to 2022. At the same time, fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (+6.6%) and fabrics; woven pile, of man-made fibres, cut corduroy, other than fabrics of heading no. 5802 or 5806 (+2.3%) displayed positive paces of growth. Moreover, fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 emerged as the fastest-growing type imported in the world, with a CAGR of +6.6% from 2012-2022. Fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806 and fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806 experienced a relatively flat trend pattern. By contrast, fabrics; woven pile, of cotton, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (-1.7%) and fabrics; woven pile, of cotton, weft pile fabrics other than uncut and corduroy, other than fabrics of heading no. 5802 or 5806 (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806, fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806, fabrics; woven pile, of man-made fibres, cut corduroy, other than fabrics of heading no. 5802 or 5806 and fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806 increased by +4.6, +3.4, +3 and +1.7 percentage points, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, fabrics; chenille, of man-made fibres, other than fabrics of heading no. 5802 or 5806 ($618M) constitutes the largest type of woven pile fabrics and chenille fabrics imported worldwide, comprising 45% of global imports. The second position in the ranking was taken by fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806 ($295M), with a 22% share of global imports. It was followed by fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806, with an 11% share.

From 2012 to 2022, the average annual growth rate of the value of fabrics; chenille, of man-made fibres, other than fabrics of heading no. 5802 or 5806 imports was relatively modest. For the other products, the average annual rates were as follows: fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806 (-0.6% per year) and fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (-2.3% per year).

Import Prices By Type

In 2022, the average pile and chenille fabric import price amounted to $8,073 per ton, increasing by 3.6% against the previous year. Over the period under review, the import price showed a modest expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $8,558 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was fabrics ($79,042 per ton), while the price for fabrics ($2,278 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by fabrics; woven pile, of cotton, warp pile fabrics, epingle (uncut), other than fabrics of heading no. 5802 or 5806 (+21.6%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average pile and chenille fabric import price amounted to $8,073 per ton, growing by 3.6% against the previous year. Overall, the import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $8,558 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($11,546 per ton), while Kazakhstan ($2,208 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Woven Pile Fabrics And Chenille Fabrics

Global pile and chenille fabric exports dropped to 189K tons in 2022, which is down by -9.8% against 2021 figures. Over the period under review, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2015 with an increase of 23% against the previous year. Over the period under review, the global exports reached the maximum at 236K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pile and chenille fabric exports contracted modestly to $1.4B in 2022. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the global exports reached the maximum at $2.1B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China prevails in exports structure, accounting for 138K tons, which was approx. 73% of total exports in 2022. It was distantly followed by Turkey (9.4K tons), creating a 5% share of total exports. Kyrgyzstan (8K tons), Belgium (5.4K tons) and Spain (3.7K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pile and chenille fabric exports from China stood at -2.0%. At the same time, Kyrgyzstan (+34.2%) and Spain (+3.0%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.2% from 2012-2022. By contrast, Belgium (-3.7%) and Turkey (-7.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan and China increased by +4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($884M) remains the largest pile and chenille fabric supplier worldwide, comprising 62% of global exports. The second position in the ranking was held by Turkey ($90M), with a 6.3% share of global exports. It was followed by Belgium, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -3.7%. In the other countries, the average annual rates were as follows: Turkey (-7.8% per year) and Belgium (-5.0% per year).

Exports By Type

In 2022, fabrics; chenille, of man-made fibres, other than fabrics of heading no. 5802 or 5806 (58K tons), distantly followed by fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806 (37K tons), fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (36K tons), fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (22K tons) and fabrics; woven pile, of man-made fibres, cut corduroy, other than fabrics of heading no. 5802 or 5806 (18K tons) were the main types of woven pile fabrics and chenille fabrics, together mixing up 95% of total exports. The following types - fabrics; woven pile, of cotton, weft pile fabrics other than uncut and corduroy, other than fabrics of heading no. 5802 or 5806 (3.6K tons) and fabrics; woven pile, of cotton, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (3K tons) - each reached a 3.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806 (with a CAGR of +4.1%), while the other products experienced mixed trends in the exports figures.

In value terms, the largest types of exported woven pile fabrics and chenille fabrics were fabrics; chenille, of man-made fibres, other than fabrics of heading no. 5802 or 5806 ($509M), fabrics; woven pile, of cotton, cut corduroy, other than fabrics of heading no. 5802 or 5806 ($363M) and fabrics; woven pile, of man-made fibres, other weft pile fabrics, other than fabrics of heading no. 5802 or 5806 ($226M), together accounting for 78% of global exports. Fabrics; woven pile, of man-made fibres, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806, fabrics; woven pile, of man-made fibres, cut corduroy, other than fabrics of heading no. 5802 or 5806, fabrics; woven pile, of cotton, weft pile fabrics other than uncut and corduroy, other than fabrics of heading no. 5802 or 5806, fabrics; woven pile, of cotton, uncut weft pile fabrics, other than fabrics of heading no. 5802 or 5806, fabrics; chenille, of cotton, other than fabrics of heading no. 5802 or 5806, fabrics, fabrics, fabrics and fabrics lagged somewhat behind, together comprising a further 22%.

Among the main exported products, fabrics, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced mixed trends in the exports figures.

Export Prices By Type

In 2022, the average pile and chenille fabric export price amounted to $7,518 per ton, picking up by 7.3% against the previous year. In general, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39%. As a result, the export price reached the peak level of $11,761 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was fabrics ($398,553 per ton), while the average price for exports of fabrics ($3,877 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by fabrics; woven pile, of cotton, warp pile fabrics, epingle (uncut), other than fabrics of heading no. 5802 or 5806 (+36.7%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average pile and chenille fabric export price stood at $7,518 per ton in 2022, picking up by 7.3% against the previous year. Overall, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of 39%. As a result, the export price attained the peak level of $11,761 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($14,030 per ton), while Kyrgyzstan ($697 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.0%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform