Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam - 2022
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (CIF) - 2022
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (CIF) - 2022
In December 2022, the average import price for cotton yarn (other than sewing thread), put up for retail sale amounted to $7,205 per ton, with a decrease of -18.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 40% against the previous month. The import price peaked at $8,797 per ton in November 2022, and then contracted notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($18,576 per ton), while the price for China ($6,178 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (FOB) - 2022
The average export price for cotton yarn (other than sewing thread), put up for retail sale stood at $10,943 per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 an increase of 143%. Over the period under review, the average export prices attained the peak figure at $33,508 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($55,078 per ton), while the average price for exports to China ($5,788 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
In 2022, the amount of cotton yarn (other than sewing thread), put up for retail sale imported into Vietnam rose rapidly to 2.7K tons, picking up by 9.2% on the previous year. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale declined to $16M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 12%.
Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 19.7 | 11.0 | 11.8 | 11.3 | -16.9% |
South Korea | 0.7 | 0.2 | 2.9 | 2.5 | 52.9% |
Thailand | 0.9 | 0.9 | 1.3 | 1.2 | 10.1% |
India | 3.9 | 2.9 | 0.7 | 0.3 | -57.5% |
Indonesia | N/A | N/A | 0.1 | 0.2 | 100.0% |
Others | 0.6 | 0.4 | 0.4 | 0.8 | 10.1% |
Total | 25.7 | 15.3 | 17.2 | 16.2 | -14.3% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Vietnam in 2022:
- China (1849.7 tons)
- South Korea (580.1 tons)
- Thailand (93.8 tons)
- India (62.3 tons)
- Indonesia (44.4 tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of cotton yarn (other than sewing thread), put up for retail sale, when their volume decreased by -15.5% to 63 tons. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 114%.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale declined dramatically to $688K in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 49%.
Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 1.3 | 2.8 | 6.2 | 409 | 580.1% |
China | 367 | 546 | 816 | 209 | -17.1% |
Japan | N/A | 0.1 | N/A | 52.4 | 2189.1% |
Others | 4.0 | 4.4 | 0.2 | 17.2 | 62.6% |
Total | 373 | 554 | 822 | 688 | 22.6% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Vietnam in 2022:
- China (36.2 tons)
- South Korea (25.5 tons)
- Japan (1.0 tons)
This report provides an in-depth analysis of the cotton yarn market in Vietnam.
This report provides an in-depth analysis of the global cotton yarn market.
Learn about the world's best import markets for cotton yarn and how they drive the global textile industry. Discover the top players and find out how these countries rely on imports to meet their cotton yarn requirements.
After two years of growth, the global cotton yarn market decreased by -2.8% to $77.2B in 2019. China ($38.9B) led the market, alone. The second position in the ranking was occupied by India ($12.8B). It was followed by Pakistan.
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