Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam - 2022
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam (CIF) - 2022
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam (FOB) - 2022
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam (CIF) - 2022
The average import price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $8,155 per ton in 2022, growing by 23% against the previous year. Overall, the import price, however, recorded a slight decline. Over the period under review, average import prices attained the peak figure at $9,513 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($8,223 per ton), while the price for Malaysia ($5,110 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.4%), while the prices for the other major suppliers experienced a decline.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam (FOB) - 2022
In 2022, the average export price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $8,648 per ton, picking up by 4.4% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 101% against the previous year. Over the period under review, the average export prices attained the maximum at $10,993 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($15,140 per ton), while the average price for exports to Denmark ($3,733 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 Cambodia (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam
After three years of growth, purchases abroad of fabrics; "long pile" fabrics, knitted or crocheteds decreased by -34.8% to 6.6K tons in 2022. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of 10K tons, and then declined markedly in the following year.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds dropped significantly to $54M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $68M, and then shrank notably in the following year.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.8 | 41.7 | 57.9 | 44.2 | 12.8% |
| South Korea | 1.3 | 3.0 | 4.5 | 4.0 | 45.4% |
| Indonesia | 0.1 | 0.1 | 1.5 | 2.2 | 180.2% |
| Germany | 2.2 | 1.5 | 2.1 | 1.8 | -6.5% |
| Malaysia | N/A | 0.3 | 0.5 | 0.9 | 73.2% |
| Others | 1.0 | 0.9 | 1.2 | 1.2 | 6.3% |
| Total | 35.3 | 47.6 | 67.7 | 54.2 | 15.4% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to Vietnam in 2022:
- China (5.4K tons)
- South Korea (0.5K tons)
- Indonesia (0.3K tons)
- Malaysia (0.2K tons)
- Germany (0.2K tons)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam
In 2022, approx. 22 tons of fabrics; "long pile" fabrics, knitted or crocheteds were exported from Vietnam; with a decrease of -71.7% against 2021. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 378% against the previous year. As a result, the exports reached the peak of 79 tons, and then shrank rapidly in the following year.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds contracted sharply to $194K in 2022. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 341% against the previous year.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 139 | 5.8 | 45.5 | 20.5 | -47.2% |
| Philippines | 327 | 65.7 | 90.3 | 18.1 | -61.9% |
| Jordan | 37.7 | 16.8 | 49.6 | 17.6 | -22.4% |
| South Korea | 26.5 | 7.6 | 7.9 | 15.6 | -16.2% |
| Bangladesh | 6.7 | 2.0 | 6.9 | 12.7 | 23.8% |
| Cambodia | 24.1 | 8.5 | 39.3 | 11.8 | -21.2% |
| China | 42.2 | 7.3 | 73.2 | 11.5 | -35.2% |
| Denmark | 5.0 | 2.0 | 11.0 | 3.8 | -8.7% |
| India | 40.3 | 1.5 | 19.0 | 3.6 | -55.3% |
| Taiwan (Chinese) | 38.9 | 4.2 | 5.9 | 2.1 | -62.2% |
| Others | 43.9 | 27.7 | 309 | 77.0 | 20.6% |
| Total | 731 | 149 | 657 | 194 | -35.7% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from Vietnam in 2022:
- Malaysia (3.8 tons)
- Philippines (3.4 tons)
- Jordan (3.3 tons)
- South Korea (2.7 tons)
- Bangladesh (2.2 tons)
- China (2.0 tons)
- Denmark (1.0 tons)
- Cambodia (0.8 tons)
- India (0.6 tons)
- Taiwan (Chinese) (0.1 tons)
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