Tufted Textile Fabric Market Overview in China
In value terms, tufted textile fabric production fell markedly to $ in estimated in export prices. In general, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The size of the tufted textile fabric market in China skyrocketed to $ in , with an increase of % 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). In general, consumption, however, showed a slight contraction. Tufted textile fabric consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.