Metal Thread Woven Fabric Market

The article provides a comprehensive analysis of the global market for woven fabrics of metal thread and metallised yarn, highlighting consumption trends, production forecasts, import and export trends, and key countries involved in the market. Consumption is expected to continue to rise over the next eight years, with a projected increase in both volume and value terms. The countries with the highest consumption levels in 2022 were identified, along with their growth rates. Production and imports also saw significant changes, with key insights on major producing and importing countries. The article also covers export trends, showcasing the major exporting countries and their growth rates. Overall, the article offers valuable information on the market dynamics and trends for woven fabrics of metal thread and metallised yarn.

Market Forecast

Driven by increasing demand for woven fabrics of metal thread and woven fabrics of metallised yarn worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market volume to 272M square meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.9% for the period from 2022 to 2030, which is projected to bring the market value to $431M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

In 2022, consumption of woven fabrics of metal thread and woven fabrics of metallised yarn decreased by -5.6% to 174M square meters, falling for the third consecutive year after two years of growth. The total consumption volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 224M square meters in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

The global metal thread woven fabric market size dropped remarkably to $235M in 2022, reducing by -39% 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, consumption, however, enjoyed a measured increase. Global consumption peaked at $385M in 2021, and then declined significantly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Saudi Arabia (30M square meters), Italy (26M square meters) and Iran (22M square meters), with a combined 45% share of global consumption. Sudan, India, Pakistan, Cambodia, Oman, Nigeria, South Africa, Indonesia, South Korea and Jamaica lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +126.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($118M) led the market, alone. The second position in the ranking was held by Oman ($19M). It was followed by Iran.

From 2012 to 2022, the average annual growth rate of value in Italy totaled +10.9%. In the other countries, the average annual rates were as follows: Oman (+3.1% per year) and Iran (+44.1% per year).

The countries with the highest levels of metal thread woven fabric per capita consumption in 2022 were Oman (972 square meters per 1000 persons), Jamaica (882 square meters per 1000 persons) and Saudi Arabia (833 square meters per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Cambodia (with a CAGR of +123.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

In 2022, the amount of woven fabrics of metal thread and woven fabrics of metallised yarn produced worldwide rose significantly to 120M square meters, surging by 8% compared with the previous year. Over the period under review, production showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 59% against the previous year. Over the period under review, global production hit record highs at 128M square meters in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, metal thread woven fabric production shrank notably to $1.2B in 2022 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,838% against the previous year. Over the period under review, global production hit record highs at $3.5B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Saudi Arabia (30M square meters), Italy (26M square meters) and Iran (23M square meters), with a combined 66% share of global production.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +50.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

In 2022, approx. 68M square meters of woven fabrics of metal thread and woven fabrics of metallised yarn were imported worldwide; shrinking by -17.3% against 2021 figures. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 45%. Over the period under review, global imports reached the maximum at 168M square meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, metal thread woven fabric imports shrank to $34M in 2022. Overall, imports showed a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Global imports peaked at $56M in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Sudan was the largest importer of woven fabrics of metal thread and woven fabrics of metallised yarn in the world, with the volume of imports recording 19M square meters, which was near 28% of total imports in 2022. India (8.9M square meters) ranks second in terms of the total imports with a 13% share, followed by Cambodia (8.7%), Nigeria (6.7%) and South Africa (6.6%). Jamaica (2.6M square meters), Senegal (2.1M square meters), Nepal (1.3M square meters), Vietnam (1.3M square meters), Mongolia (1.2M square meters), Kuwait (1.2M square meters) and Romania (1.1M square meters) followed a long way behind the leaders.

Imports into Sudan increased at an average annual rate of +29.0% from 2012 to 2022. At the same time, Mongolia (+173.9%), Cambodia (+126.7%), Nepal (+24.0%), India (+21.9%), Romania (+11.6%), Jamaica (+8.6%), Vietnam (+6.0%) and Senegal (+5.7%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in the world, with a CAGR of +173.9% from 2012-2022. By contrast, South Africa (-5.0%), Nigeria (-8.9%) and Kuwait (-10.1%) illustrated a downward trend over the same period. While the share of Sudan (+27 p.p.), India (+12 p.p.), Cambodia (+8.7 p.p.), Jamaica (+2.9 p.p.), Senegal (+2.1 p.p.), Mongolia (+1.8 p.p.), Nepal (+1.8 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Nigeria (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sudan ($5.7M) constitutes the largest market for imported woven fabrics of metal thread and woven fabrics of metallised yarn worldwide, comprising 17% of global imports. The second position in the ranking was taken by Vietnam ($2.2M), with a 6.5% share of global imports. It was followed by South Africa, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in Sudan stood at +18.4%. In the other countries, the average annual rates were as follows: Vietnam (+11.7% per year) and South Africa (-7.9% per year).

Import Prices By Country

The average metal thread woven fabric import price stood at $0.5 per square meter in 2022, surging by 7.6% against the previous year. In general, the import price saw a pronounced expansion. The pace of growth appeared the most rapid in 2017 an increase of 122% against the previous year. As a result, import price reached the peak level of $0.6 per square meter. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($1.7 per square meter), while Senegal (less than $0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+6.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

In 2022, shipments abroad of woven fabrics of metal thread and woven fabrics of metallised yarn was finally on the rise to reach 15M square meters for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a noticeable curtailment. The global exports peaked at 25M square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal thread woven fabric exports skyrocketed to $25M in 2022. Over the period under review, exports, however, showed a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of 27%. As a result, the exports reached the peak of $36M. From 2018 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

In 2022, Canada (2.2M square meters), Uzbekistan (2M square meters), China (1.8M square meters), Iran (1.5M square meters) and India (1.4M square meters) represented the major exporter of woven fabrics of metal thread and woven fabrics of metallised yarn in the world, constituting 60% of total export. It was distantly followed by the United Arab Emirates (847K square meters), committing a 5.8% share of total exports. France (635K square meters), Malaysia (625K square meters), Turkey (558K square meters), the United States (480K square meters), Italy (468K square meters), Colombia (411K square meters) and Japan (284K square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +93.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($4.1M), France ($3.8M) and China ($3.3M) constituted the countries with the highest levels of exports in 2022, together comprising 45% of global exports.

Uzbekistan, with a CAGR of +1,257.2%, saw the highest growth rate of the value of exports, in terms of 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 metal thread woven fabric export price stood at $1.7 per square meter in 2022, with a decrease of -22.1% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 36%. The global export price peaked at $2.2 per square meter in 2021, and then shrank notably in the following year.

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 France ($6 per square meter), while Turkey ($0.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform