Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam - 2022
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (FOB) - 2022
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (CIF) - 2022
- Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (FOB) - 2022
In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.3 per square meter, increasing by 4.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16% against the previous year. The export price peaked at $0.3 per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($0.3 per square meter), while the average price for exports to South Africa ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (CIF) - 2022
In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.3 per square meter, approximately mirroring the previous year. Overall, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 13%. The import price peaked at $0.4 per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Japan ($0.3 per square meter), while the price for the United Arab Emirates ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam
In 2022, shipments abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -7.6% to 309M square meters for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. The exports peaked at 334M square meters in 2021, and then declined in the following year.
In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses reduced modestly to $84M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 25%. As a result, the exports reached the peak of $87M, and then shrank in the following year.
Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 14.8 | 22.4 | 24.1 | 18.0 | 6.7% |
Thailand | 20.3 | 16.1 | 18.9 | 17.9 | -4.1% |
Malaysia | 9.0 | 10.1 | 15.2 | 17.4 | 24.6% |
Canada | 2.4 | 2.5 | 4.1 | 5.5 | 31.8% |
China | 5.3 | 3.1 | 4.5 | 4.3 | -6.7% |
Lao People's Democratic Republic | 2.3 | 3.7 | 3.3 | 3.6 | 16.1% |
Cambodia | 3.3 | 1.3 | 4.6 | 3.3 | 0.0% |
Taiwan (Chinese) | 1.2 | 1.5 | 0.6 | 2.4 | 26.0% |
Philippines | 1.7 | 1.5 | 2.8 | 2.2 | 9.0% |
Jordan | 0.2 | 0.1 | 0.3 | 1.4 | 91.3% |
South Korea | 0.9 | 1.8 | 1.9 | 1.3 | 13.0% |
South Africa | 1.2 | 0.5 | 0.8 | 1.0 | -5.9% |
Others | 4.0 | 5.0 | 6.2 | 6.0 | 14.5% |
Total | 66.7 | 69.7 | 87.4 | 84.4 | 8.2% |
Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Vietnam in 2022:
- United States (64.4M square meters)
- Thailand (64.0M square meters)
- Malaysia (62.4M square meters)
- Canada (19.7M square meters)
- China (15.4M square meters)
- Lao People's Democratic Republic (12.8M square meters)
- Cambodia (11.8M square meters)
- Taiwan (Chinese) (8.4M square meters)
- Philippines (7.7M square meters)
- South Africa (6.5M square meters)
- Jordan (5.5M square meters)
- South Korea (4.5M square meters)
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam
After three years of growth, supplies from abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -13.2% to 137M square meters in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 183%. As a result, imports reached the peak of 158M square meters, and then contracted in the following year.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped to $38M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 152%. As a result, imports attained the peak of $43M, and then shrank in the following year.
Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.5 | 10.7 | 28.5 | 24.8 | 42.9% |
South Korea | 4.0 | 3.2 | 8.1 | 4.8 | 6.3% |
Taiwan (Chinese) | 1.7 | 0.8 | 3.6 | 2.2 | 9.0% |
Saudi Arabia | 0.4 | 1.5 | 1.0 | 1.8 | 65.1% |
Japan | 0.1 | N/A | 0.2 | 1.8 | 162.1% |
Thailand | 0.6 | 0.4 | 0.4 | 0.9 | 14.5% |
United Arab Emirates | N/A | N/A | 0.1 | 0.7 | 600.0% |
Others | 0.8 | 0.5 | 1.4 | 0.8 | 0.0% |
Total | 16.0 | 17.2 | 43.4 | 37.8 | 33.2% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Vietnam in 2022:
- China (86.9M square meters)
- South Korea (16.9M square meters)
- Saudi Arabia (9.5M square meters)
- Taiwan (Chinese) (7.7M square meters)
- Japan (6.1M square meters)
- United Arab Emirates (4.1M square meters)
- Thailand (3.0M square meters)
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