Updated Sep 14, 2022 05:32

Market for Pile And Chenille Fabric in South-Eastern Asia

Market Overview
The Southeast Asian pile and chenille fabric market was estimated at $ in , surging by % 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). Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.

In value terms, pile and chenille fabric production rose remarkably to $ in estimated in export price. Overall, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of %. The level of production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.

The country with the largest volume of pile and chenille fabric production was Indonesia ( tons), accounting for % of total volume. Moreover, pile and chenille fabric production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia ( tons), fivefold.

From 2007 to , the average annual rate of growth in terms of volume in Indonesia amounted to +%.


Consumption
In , the amount of woven pile fabrics and chenille fabrics consumed in South-Eastern Asia shrank slightly to tons, flattening at . The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of consumption peaked at tons in , and then contracted slightly in the following year.

The revenue of the pile and chenille fabric market in South-Eastern Asia declined to $ in , which is down by -% 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, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were Indonesia ( tons), Vietnam ( tons) and Cambodia ( tons), together comprising % of total consumption.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Cambodia (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest pile and chenille fabric markets in South-Eastern Asia were Indonesia ($), Vietnam ($) and Malaysia ($), together comprising % of the total market. These countries were followed by Cambodia and Myanmar, which together accounted for a further %.

In terms of the main consuming countries, Cambodia, with a CAGR of +%, recorded the highest growth rate of market size over the period under review, while market for the other leaders experienced more modest paces of growth.

From 2007 to , the average annual growth rate of the pile and chenille fabric per capita consumption in No country was relatively modest.


Market Forecast
The pile and chenille fabric market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .