China: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in China

The Chinese man-made filament fabric market expanded markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Man-Made Filament Fabric Production in China

In value terms, man-made filament fabric production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Man-made filament fabric production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from China

In 2022, the amount of woven fabrics of man-made filaments and staple fibers exported from China reduced to X square meters, declining by X% on the previous year. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X square meters in 2021, and then reduced in the following year.

In value terms, man-made filament fabric exports soared to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Nigeria (X square meters) was the main destination for man-made filament fabric exports from China, with a X% share of total exports. Moreover, man-made filament fabric exports to Nigeria exceeded the volume sent to the second major destination, Vietnam (X square meters), fivefold. The third position in this ranking was held by the United Arab Emirates (X square meters), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the United Arab Emirates (X% per year).

In value terms, Vietnam ($X), Bangladesh ($X) and Nigeria ($X) were the largest markets for man-made filament fabric exported from China worldwide, with a combined X% share of total exports. Indonesia, the United Arab Emirates, Brazil, Thailand, Saudi Arabia, Kazakhstan, Tanzania, Togo, Senegal and Mauritania lagged somewhat behind, together accounting for a further X%.

Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2021, growing by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while the average price for exports to Mauritania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into China

Man-made filament fabric imports into China declined slightly to X square meters in 2022, with a decrease of X% on the previous year. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, man-made filament fabric imports declined to $X in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X square meters) constituted the largest man-made filament fabric supplier to China, accounting for a X% share of total imports. Moreover, man-made filament fabric imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X square meters), threefold. The third position in this ranking was taken by South Korea (X square meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the largest man-made filament fabric suppliers to China, with a combined X% share of total imports. The United States, Vietnam, Thailand, Indonesia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average man-made filament fabric import price stood at $X per square meter in 2021, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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