Asia: Artificial Fur Market 2024

Artificial Fur Market Size in Asia

The Asian artificial fur market dropped dramatically to $X in 2022, waning by X% against the previous year. Overall, consumption showed a abrupt shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Artificial Fur Production in Asia

In value terms, artificial fur production stood at $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 pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Artificial Fur Exports

Exports in Asia

In 2022, the amount of artificial fur exported in Asia amounted to X tons, flattening at 2021 figures. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial fur exports contracted to $X in 2022. Overall, exports continue to indicate a strong 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 attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, China (X tons) represented the major exporter of artificial fur, generating X% of total exports. Syrian Arab Republic (X tons) held the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took approx. X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China and Thailand increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest artificial fur supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In China, artificial fur exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Syrian Arab Republic (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced a decline in the export price figures.

Artificial Fur Imports

Imports in Asia

In 2022, supplies from abroad of artificial fur increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, artificial fur imports rose markedly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. 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. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand was the largest importing country with an import of around X tons, which finished at X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Myanmar (X%). The following importers - the Philippines (X tons), Cambodia (X tons) and India (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to artificial fur imports into Thailand stood at X%. At the same time, Myanmar (X%), Cambodia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Myanmar, the Philippines and Cambodia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported artificial fur in Asia, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

In Vietnam, artificial fur imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, standing approx. at the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform