Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam - 2022
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam (FOB) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam (CIF) - 2022
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam (FOB) - 2022
The average export price for track suits; of synthetic fibres, knitted or crocheteds stood at $9.9 per unit in 2022, waning by -12.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $12 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($18 per unit), while the average price for exports to the United States ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $15 per unit in 2022, with an increase of 7.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. The import price peaked at $16 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cambodia ($15 per unit) and Thailand ($15 per unit), while the price for South Korea ($15 per unit) and Indonesia ($15 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam
In 2022, approx. 7.5M units of track suits; of synthetic fibres, knitted or crocheteds were exported from Vietnam; rising by 25% on the previous year's figure. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.6% 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 +60.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds rose notably to $74M in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 11.9 | 12.1 | 17.4 | 17.3 | 13.3% |
| Germany | 4.4 | 6.8 | 8.5 | 8.6 | 25.0% |
| France | 8.6 | 5.2 | 5.8 | 8.4 | -0.8% |
| United Kingdom | 4.4 | 5.1 | 7.0 | 6.3 | 12.7% |
| United States | 4.0 | 1.1 | 3.3 | 4.9 | 7.0% |
| Mexico | 3.9 | 3.2 | 2.3 | 4.6 | 5.7% |
| Spain | 2.4 | 2.6 | 3.4 | 3.0 | 7.7% |
| Japan | 1.8 | 1.8 | 2.2 | 2.6 | 13.0% |
| Brazil | 0.9 | 0.9 | 1.2 | 0.9 | 0.0% |
| Russia | 2.0 | 2.9 | 3.0 | N/A | 22.5% |
| Others | 10.4 | 14.2 | 14.0 | 17.7 | 19.4% |
| Total | 54.7 | 55.8 | 68.1 | 74.3 | 10.7% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Vietnam in 2022:
- France (1793.4K units)
- United States (1525.6K units)
- South Korea (1252.7K units)
- Germany (555.1K units)
- United Kingdom (443.5K units)
- Mexico (340.9K units)
- Spain (196.4K units)
- Japan (189.0K units)
- Brazil (111.3K units)
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam
In 2022, imports of track suits; of synthetic fibres, knitted or crocheteds into Vietnam surged to 60K units, with an increase of 153% on 2021. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 391% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $915K in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 473% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.4 | 166 | 136 | 705 | 173.7% |
| China | 13.3 | 380 | 145 | 110 | 102.2% |
| Thailand | N/A | 0.7 | 13.6 | 41.2 | 667.2% |
| Indonesia | 19.2 | 42.5 | 4.8 | 14.2 | -9.6% |
| Cambodia | 22.1 | 6.8 | 7.8 | 11.6 | -19.3% |
| South Korea | 3.2 | 204 | N/A | 6.5 | 26.6% |
| Bangladesh | 51.6 | 26.8 | N/A | N/A | -48.1% |
| Others | 2.0 | 8.2 | 28.6 | 26.0 | 135.1% |
| Total | 146 | 835 | 336 | 915 | 84.4% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Vietnam in 2022:
- Germany (46.4K units)
- China (7.2K units)
- Thailand (2.7K units)
- Indonesia (0.9K units)
- Cambodia (0.8K units)
- South Korea (0.4K units)
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