Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (FOB) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam (CIF) - 2022
3. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Vietnam
4. 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.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Vietnam in 2022:

1. United States (64.4M square meters)
2. Thailand (64.0M square meters)
3. Malaysia (62.4M square meters)
4. Canada (19.7M square meters)
5. China (15.4M square meters)
6. Lao People's Democratic Republic (12.8M square meters)
7. Cambodia (11.8M square meters)
8. Taiwan (Chinese) (8.4M square meters)
9. Philippines (7.7M square meters)
10. South Africa (6.5M square meters)
11. Jordan (5.5M square meters)
12. 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.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Vietnam in 2022:

1. China (86.9M square meters)
2. South Korea (16.9M square meters)
3. Saudi Arabia (9.5M square meters)
4. Taiwan (Chinese) (7.7M square meters)
5. Japan (6.1M square meters)
6. United Arab Emirates (4.1M square meters)
7. Thailand (3.0M square meters)

Source: IndexBox Market Intelligence Platform