Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam - 2022
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam
- Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam (CIF) - 2022
The average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $9,037 per ton in 2022, increasing by 16% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 30%. As a result, import price reached the peak level of $12,013 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($9,037 per ton) and Taiwan (Chinese) ($9,037 per ton), while the price for Thailand ($9,037 per ton) and South Korea ($9,037 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam (FOB) - 2022
In 2022, the average export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds amounted to $8,775 per ton, with a decrease of -17.5% against the previous year. Overall, the export price, however, showed slight growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 50% against the previous year. The export price peaked at $18,199 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($8,776 per ton) and Indonesia ($8,776 per ton), while the average price for exports to Thailand ($8,775 per ton) and Cambodia ($8,775 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam
In 2022, overseas purchases of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds decreased by -1.7% to 8.7K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of 8.9K tons, and then dropped slightly in the following year.
In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds rose notably to $79M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.0 | 37.1 | 55.6 | 57.4 | 21.5% |
| Taiwan (Chinese) | 4.4 | 1.9 | 3.1 | 8.2 | 23.1% |
| South Korea | 6.3 | 6.5 | 4.9 | 6.6 | 1.6% |
| Thailand | 0.9 | 1.5 | 3.3 | 5.5 | 82.8% |
| Others | 1.8 | 1.1 | 1.9 | 1.0 | -17.8% |
| Total | 45.3 | 48.1 | 68.8 | 78.7 | 20.2% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to Vietnam in 2022:
- China (6.4K tons)
- Taiwan (Chinese) (0.9K tons)
- South Korea (0.7K tons)
- Thailand (0.6K tons)
Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam
In 2022, the amount of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds exported from Vietnam soared to 918 tons, surging by 77% compared with the previous year. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 119% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds skyrocketed to $8.1M in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 50%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,113 | 1,585 | 2,249 | 3,717 | 49.5% |
| Cambodia | 181 | 277 | 1,363 | 2,539 | 141.2% |
| Thailand | 655 | 1,176 | 499 | 407 | -14.7% |
| Myanmar | 303 | 135 | 158 | 292 | -1.2% |
| South Korea | 142 | 373 | 413 | 253 | 21.2% |
| Japan | N/A | 19.6 | 17.1 | 174 | 198.0% |
| Poland | N/A | 74.6 | 135 | 127 | 30.5% |
| Indonesia | 208 | 380 | 237 | 93.0 | -23.5% |
| Others | 272 | 296 | 459 | 453 | 18.5% |
| Total | 2,875 | 4,317 | 5,530 | 8,056 | 41.0% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted from Vietnam in 2022:
- China (423.6 tons)
- Cambodia (289.3 tons)
- Thailand (46.4 tons)
- Myanmar (33.3 tons)
- South Korea (28.9 tons)
- Japan (19.8 tons)
- Poland (14.5 tons)
- Indonesia (10.6 tons)
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