Category: HOME TEXTILES
Country: Japan
Region: Asia
By GTS NewsFeed
Source: IndexBox Market Intelligence Platform
20th October 2024
In 2023, approx. 878K square meters of quilted textile products in the piece (excluding embroidery) were exported from Japan; with a decrease of -10.6% against 2022 figures. Overall, exports saw a mild slump. The growth pace was the most rapid in 2015 with an increase of 17%. As a result, the exports attained the peak of 1.2M square meters. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, quilted textile products exports fell to $5.8M (IndexBox estimates) in 2023. In general, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 7.9%. The exports peaked at $7.7M in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
Exports by Country
Vietnam (525K square meters), China (301K square meters) and Cambodia (25K square meters) were the main destinations of quilted textile products exports from Japan, with a combined 97% share of total exports.
From 2013 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of +23.1%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for quilted textile products exported from Japan were Vietnam ($3.2M), China ($2.1M) and Myanmar ($140K), with a combined 96% share of total exports. These countries were followed by Cambodia, which accounted for a further 2.4%.
In terms of the main countries of destination, Cambodia, with a CAGR of +14.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In 2023, the quilted textile products price stood at $6.6 per square meter (FOB, Japan), approximately reflecting the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 15%. The export price peaked at $7.1 per square meter in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were China ($7.1 per square meter) and Myanmar ($6.7 per square meter), while the average price for exports to Cambodia ($5.5 per square meter) and Vietnam ($6.2 per square meter) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.0%), while the prices for the other major destinations experienced a decline.
Courtesy, Source of information:
https://www.indexbox.io/blog/japan-quilted-textile-products-exports-2023/
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