South-Eastern Asia: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in South-Eastern Asia

In 2023, the Southeast Asian market for non-woven, felt and coated textile garments was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Non-Woven, Felt and Coated Textile Garments in South-Eastern Asia

In value terms, production of non-woven, felt and coated textile garments shrank to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production of growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Non-Woven, Felt and Coated Textile Garments

Exports in South-Eastern Asia

In 2023, overseas shipments of non-woven, felt and coated textile garments decreased by X% to X units, falling for the third year in a row after five years of growth. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of hit record highs at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, exports of non-woven, felt and coated textile garments declined to $X in 2023. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) and Cambodia (X units) represented roughly X% of total exports in 2023. Myanmar (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Thailand (X%). Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest non-woven, felt and coated textile garment supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2022 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports in South-Eastern Asia

In 2023, supplies from abroad of non-woven, felt and coated textile garments increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. In general, imports recorded perceptible growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of non-woven, felt and coated textile garments shrank dramatically to $X in 2023. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, Malaysia (X units) represented the major importer of non-woven, felt and coated textile garments, committing X% of total imports. Thailand (X units) held the second position in the ranking, distantly followed by Singapore (X units) and the Philippines (X units). All these countries together held near X% share of total imports. Indonesia (X units), Vietnam (X units) and Cambodia (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-woven, felt and coated textile garment importing markets in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform