Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam - 2022
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam (FOB) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam (CIF) - 2022
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam (FOB) - 2022
In December 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $52.9 per unit, rising by 28% against the previous month. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($75.7 per unit), while the average price for exports to South Korea ($30.5 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $50 per unit, falling by -8.8% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32%. The import price peaked at $98 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($65 per unit), while the price for Taiwan (Chinese) ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.9%), while the prices for the other major suppliers experienced a decline.
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather, which increased by 53% to 4.5M units in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather soared to $182M in 2022. The total export value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 66.1 | 74.0 | 68.2 | 80.3 | 6.7% |
| Italy | 16.7 | 12.6 | 17.0 | 25.9 | 15.8% |
| Japan | 9.3 | 9.5 | 8.9 | 13.5 | 13.2% |
| South Korea | 6.5 | 6.1 | 7.8 | 10.2 | 16.2% |
| Germany | 7.0 | 7.3 | 8.6 | 9.1 | 9.1% |
| Netherlands | 4.7 | 3.4 | 6.3 | 7.4 | 16.3% |
| France | 3.4 | 2.8 | 4.6 | 6.6 | 24.7% |
| Belgium | 2.4 | 2.8 | 3.1 | 5.1 | 28.6% |
| United Kingdom | 2.1 | 1.6 | 2.3 | 4.6 | 29.9% |
| Canada | 2.9 | 2.1 | 2.8 | 4.5 | 15.8% |
| China | 1.7 | 1.0 | 2.4 | 4.0 | 33.0% |
| Sweden | 1.2 | 1.5 | 2.1 | 3.8 | 46.8% |
| Myanmar | 1.2 | 0.1 | 0.4 | N/A | -42.3% |
| Others | 5.3 | 6.0 | 7.6 | 7.3 | 11.3% |
| Total | 130 | 131 | 142 | 182 | 11.9% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Vietnam in 2022:
- United States (2046.2K units)
- South Korea (466.5K units)
- Italy (397.2K units)
- Japan (281.9K units)
- Sweden (240.8K units)
- Germany (200.5K units)
- Netherlands (176.3K units)
- France (153.4K units)
- Canada (101.5K units)
- Belgium (82.3K units)
- China (75.6K units)
- United Kingdom (71.5K units)
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam
After two years of decline, overseas purchases of articles of apparel and clothing accessories, of leather or of composition leather increased by 42% to 396K units in 2022. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $20M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 11.0 | 8.4 | 10.7 | 13.1% |
| Italy | 1.6 | 1.2 | 1.6 | 2.4 | 14.5% |
| Spain | 1.4 | 1.2 | 1.4 | 2.1 | 14.5% |
| France | 1.0 | 0.8 | 1.4 | 1.4 | 11.9% |
| South Korea | 0.4 | 0.3 | 0.5 | 0.7 | 20.5% |
| India | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| United States | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Hong Kong SAR | 1.1 | 0.4 | 0.3 | 0.3 | -35.2% |
| Thailand | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Japan | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Taiwan (Chinese) | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Myanmar | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.6 | 0.4 | 0.7 | 0.8 | 10.1% |
| Total | 14.8 | 16.3 | 15.2 | 19.7 | 10.0% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Vietnam in 2022:
- China (213.6K units)
- Italy (40.1K units)
- Spain (34.1K units)
- France (21.5K units)
- South Korea (16.8K units)
- United States (15.8K units)
- India (12.9K units)
- Japan (7.3K units)
- Taiwan (Chinese) (6.2K units)
- Thailand (5.7K units)
- Hong Kong SAR (5.5K units)
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