South-Eastern Asia: Net Fabric Market 2024

Net Fabric Market Size in South-Eastern Asia

In 2023, the Southeast Asian net fabric market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a perceptible expansion 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, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Net Fabric Production in South-Eastern Asia

In value terms, net fabric production dropped to $X in 2023 estimated in export price. In general, production, however, saw measured growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Net Fabric Exports

Exports in South-Eastern Asia

After two years of growth, shipments abroad of tulles and other net fabrics decreased by X% to X tons in 2023. Overall, exports, however, saw a moderate expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, net fabric exports reached $X in 2023. In general, exports, however, posted pronounced growth. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Vietnam (X tons) was the largest exporter of tulles and other net fabrics, mixing up X% of total exports. It was distantly followed by Indonesia (X tons), generating a X% share of total exports. The following exporters - Singapore (X tons) and Thailand (X tons) - together made up X% of total exports.

Vietnam was also the fastest-growing in terms of the tulles and other net fabrics exports, with a CAGR of X% from 2012 to 2023. Singapore (X%), Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Thailand and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) remains the largest net fabric supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Net Fabric Imports

Imports in South-Eastern Asia

Net fabric imports declined modestly to X tons in 2023, which is down by X% compared with 2022 figures. Overall, imports, however, enjoyed measured growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, net fabric imports fell to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Vietnam was the major importer of tulles and other net fabrics in South-Eastern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Myanmar (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to net fabric imports into Vietnam stood at X%. At the same time, Myanmar (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Myanmar, Vietnam and Thailand increased by X, X and X percentage points, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported tulles and other net fabrics in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

In Vietnam, net fabric imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Myanmar (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform