Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam - 2022

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam (FOB) - 2022
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam (CIF) - 2022
3. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam
4. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam (FOB) - 2022

In 2022, the average export price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $3,494 per ton, with an increase of 9.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $3,946 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($3,494 per ton) and Japan ($3,494 per ton), while the average price for exports to Luxembourg ($3,494 per ton) and Canada ($3,494 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 Hungary (+0.3%), while the prices for the other major destinations experienced a decline.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam (CIF) - 2022

In 2022, the average import price for textile fabrics; tyrecord of high tenacity yarn of polyesters amounted to $3,008 per ton, which is down by -13.2% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16%. The import price peaked at $4,426 per ton in 2013; however, from 2014 to 2022, 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 Indonesia ($3,008 per ton) and Taiwan (Chinese) ($3,008 per ton), while the price for China ($3,008 per ton) and South Korea ($3,008 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-3.3%), while the prices for the other major suppliers experienced a decline.

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam

In 2022, the amount of textile fabrics; tyrecord of high tenacity yarn of polyesters exported from Vietnam was estimated at 164K tons, approximately reflecting the year before. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 89%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of polyesters expanded remarkably to $573M in 2022. Overall, exports saw strong growth. The growth pace was the most rapid in 2021 with an increase of 82%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester from Vietnam in 2022:

1. United States (55.7K tons)
2. India (14.8K tons)
3. South Korea (13.6K tons)
4. Luxembourg (11.0K tons)
5. Japan (8.3K tons)
6. Thailand (7.4K tons)
7. Indonesia (6.1K tons)
8. Mexico (5.5K tons)
9. Canada (4.0K tons)
10. Germany (3.9K tons)
11. Argentina (3.4K tons)
12. Brazil (3.2K tons)
13. Hungary (3.1K tons)

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester in Vietnam

Imports of textile fabrics; tyrecord of high tenacity yarn of polyesters into Vietnam expanded significantly to 4.3K tons in 2022, picking up by 8.9% against the previous year. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.4% 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 +57.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of polyesters shrank to $13M in 2022. In general, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2021 when imports increased by 68%. As a result, imports reached the peak of $14M, and then contracted in the following year.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Polyester to Vietnam in 2022:

1. China (2740.2 tons)
2. South Korea (879.8 tons)
3. Indonesia (507.1 tons)
4. Taiwan (Chinese) (208.8 tons)

Source: IndexBox Market Intelligence Platform