Price for Embroidery; in the Piece, in Strips or in Motifs in Vietnam - 2022

Contents:

  1. Price for Embroidery; in the Piece, in Strips or in Motifs in Vietnam (CIF) - 2022
  2. Price for Embroidery; in the Piece, in Strips or in Motifs in Vietnam (FOB) - 2022
  3. Imports of Embroidery; in the Piece, in Strips or in Motifs in Vietnam
  4. Exports of Embroidery; in the Piece, in Strips or in Motifs in Vietnam

Price for Embroidery; in the Piece, in Strips or in Motifs in Vietnam (CIF) - 2022

In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $52,912 per ton, with a decrease of -7.3% against the previous year. Overall, the import price saw a abrupt descent. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. Over the period under review, average import prices reached the maximum at $254,533 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($55,915 per ton) and Thailand ($52,854 per ton), while the price for Hong Kong SAR ($41,961 per ton) and Taiwan (Chinese) ($41,961 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-13.5%), while the prices for the other major suppliers experienced a decline.

Price for Embroidery; in the Piece, in Strips or in Motifs in Vietnam (FOB) - 2022

The average export price for embroidery; in the piece, in strips or in motifses stood at $81,206 per ton in 2022, declining by -7.3% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 76% against the previous year. Over the period under review, the average export prices hit record highs at $256,691 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($127,597 per ton), while the average price for exports to the United Arab Emirates ($22,725 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 Nigeria (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Embroidery; in the Piece, in Strips or in Motifs in Vietnam

Imports of embroidery; in the piece, in strips or in motifses into Vietnam shrank to 318 tons in 2022, approximately equating the previous year. Overall, imports saw a slight curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year.

In value terms, imports of embroidery; in the piece, in strips or in motifses shrank to $17M in 2022. In general, imports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of $18M, and then fell in the following year.

Import of Embroidery; in the Piece, in Strips or in Motifs in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12.89.413.311.4-3.8%
Thailand0.81.21.91.831.0%
South Korea2.01.20.91.2-15.7%
Japan0.70.60.80.84.6%
Taiwan (Chinese)0.50.40.20.66.3%
Hong Kong SAR0.50.40.60.4-7.2%
Others0.50.60.40.711.9%
Total17.813.918.316.8-1.9%

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Vietnam in 2022:

  1. China (203.3 tons)
  2. Thailand (34.3 tons)
  3. South Korea (27.9 tons)
  4. Japan (19.2 tons)
  5. Taiwan (Chinese) (13.6 tons)
  6. Hong Kong SAR (10.0 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in Vietnam

In 2022, exports of embroidery; in the piece, in strips or in motifses from Vietnam fell to 57 tons, waning by -3.8% on the previous year's figure. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 271% against the previous year. As a result, the exports attained the peak of 60 tons, and then dropped modestly in the following year.

In value terms, exports of embroidery; in the piece, in strips or in motifses reduced to $4.7M in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 148% against the previous year. As a result, the exports reached the peak of $5.2M, and then reduced in the following year.

Export of Embroidery; in the Piece, in Strips or in Motifs in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States83.621.02,5441,217144.2%
China19169.323898372.7%
Japan859508533545-14.1%
Cambodia3957773694222.2%
South Korea665255302323-21.4%
TurkeyN/AN/A34.5175407.2%
Thailand62.292.361.517039.8%
Sri LankaN/A12740716012.2%
Hong Kong SAR11328.51171407.4%
Germany84.261.494.978.4-2.4%
United Arab Emirates36.824.214.211.3-32.5%
Others534141506431-6.9%
Total3,0232,1055,2214,65515.5%

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Vietnam in 2022:

  1. United States (18.4 tons)
  2. China (10.8 tons)
  3. Cambodia (5.2 tons)
  4. Japan (4.3 tons)
  5. South Korea (3.1 tons)
  6. Sri Lanka (2.9 tons)
  7. Turkey (2.5 tons)
  8. Hong Kong SAR (2.0 tons)
  9. Thailand (1.8 tons)
  10. Germany (1.4 tons)
  11. United Arab Emirates (0.5 tons)

Source: IndexBox Market Intelligence Platform

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