Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam - 2022
Contents:
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam (FOB) - 2022
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam (CIF) - 2022
- Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam
- Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam (FOB) - 2022
The average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $31,552 per ton in 2022, jumping by 39% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices attained the maximum at $36,850 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($39,630 per ton), while the average price for exports to Cambodia ($325 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 China (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam (CIF) - 2022
In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $36,501 per ton, with an increase of 49% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 88%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 India ($37,918 per ton), while the price for Kyrgyzstan ($7,066 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam
In 2022, shipments abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s decreased by -19.9% to 63 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 44%.
In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s reached $2M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 478 | 1,170 | 1,001 | 1,858 | 57.2% |
| Japan | 44.2 | 82.4 | 33.4 | 69.6 | 16.3% |
| Thailand | 605 | 44.7 | 759 | 65.1 | -52.4% |
| Cambodia | N/A | N/A | N/A | 2.3 | 0% |
| Others | 89.0 | 0.7 | 4.6 | 6.2 | -58.9% |
| Total | 1,216 | 1,298 | 1,797 | 2,001 | 18.1% |
Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Vietnam in 2022:
- China (46.9 tons)
- Cambodia (7.0 tons)
- Thailand (5.8 tons)
- Japan (3.7 tons)
Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s, when their volume decreased by -85.3% to 29 tons. Over the period under review, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of 198 tons, and then contracted sharply in the following year.
In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s declined dramatically to $1.1M in 2022. Overall, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149%.
| Import of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 829 | 1,618 | 3,550 | 906 | 3.0% |
| Uzbekistan | 32.1 | 652 | 852 | 109 | 50.3% |
| Tajikistan | 19.7 | 36.1 | 74.4 | 17.8 | -3.3% |
| Thailand | 25.5 | 41.4 | 75.7 | 16.1 | -14.2% |
| China | 31.4 | 4.7 | 178 | 1.5 | -63.7% |
| Others | 14.9 | 21.8 | 104 | 11.1 | -9.3% |
| Total | 952 | 2,374 | 4,834 | 1,061 | 3.7% |
Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Vietnam in 2022:
- India (23.9 tons)
- Uzbekistan (3.3 tons)
- Tajikistan (0.6 tons)
- Thailand (0.5 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
