Asia-Pacific: Nonwoven Fabric Market 2024

Nonwoven Fabric Market Size in Asia-Pacific

The Asia-Pacific nonwoven fabric market contracted to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, saw strong growth. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Nonwoven Fabric Production in Asia-Pacific

In value terms, nonwoven fabric production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Nonwoven Fabric Exports

Exports in Asia-Pacific

Nonwoven fabric exports reached X tons in 2023, surging by X% against 2022. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, nonwoven fabric exports dropped to $X in 2023. Total exports indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, recording X tons, which was near X% of total exports in 2023. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%) and Thailand (X%). South Korea (X tons), Japan (X tons), Malaysia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to nonwoven fabric exports from China stood at X%. At the same time, India (X%), Indonesia (X%), Thailand (X%), Taiwan (Chinese) (X%), Malaysia (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nonwoven fabric supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Nonwoven Fabric Imports

Imports in Asia-Pacific

After eleven years of growth, purchases abroad of nonwoven fabrics decreased by X% to X tons in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then fell in the following year.

In value terms, nonwoven fabric imports fell to $X in 2023. Total imports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Japan (X tons), distantly followed by South Korea (X tons), Vietnam (X tons), Indonesia (X tons), China (X tons) and India (X tons) represented the key importers of nonwoven fabrics, together mixing up X% of total imports. The following importers - Thailand (X tons), the Philippines (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Bangladesh (X tons) and Pakistan (X tons) - together made up X% of total imports.

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

In value terms, the largest nonwoven fabric importing markets in Asia-Pacific were China ($X), Japan ($X) and Vietnam ($X), with a combined X% share of total imports. South Korea, Indonesia, India, Thailand, Taiwan (Chinese), Malaysia, Bangladesh, the Philippines and Pakistan lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price saw a mild decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a 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 China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform