Price for Wadding; Other Articles Thereof, of Cotton in Vietnam - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Vietnam (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Vietnam (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Vietnam
- Exports of Wadding; Other Articles Thereof, of Cotton in Vietnam
Price for Wadding; Other Articles Thereof, of Cotton in Vietnam (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $6,102 per ton, increasing by 3.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 16% against the previous year. As a result, import price attained the peak level of $6,825 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($6,127 per ton) and Italy ($6,127 per ton), while the price for Lithuania ($5,598 per ton) and South Korea ($6,127 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, of Cotton in Vietnam (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $5,739 per ton, flattening at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, the average export prices hit record highs at $6,225 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 China ($7,016 per ton), while the average price for exports to Cambodia ($3,683 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 Malaysia (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Cotton in Vietnam
Imports of wadding; other articles thereof, of cotta into Vietnam rose rapidly to 4.7K tons in 2022, growing by 9.9% compared with the previous year. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of wadding; other articles thereof, of cotta expanded rapidly to $29M in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Wadding; Other Articles Thereof, of Cotton in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 4.0 | 13.5 | 12.5 | 62.7% |
| Philippines | 0.1 | 0.3 | 2.6 | 5.0 | 268.4% |
| Turkey | 2.2 | 2.9 | 3.6 | 4.6 | 27.9% |
| France | 0.4 | 0.4 | 0.7 | 1.4 | 51.8% |
| Italy | 0.1 | 0.1 | 0.2 | 1.1 | 122.4% |
| Thailand | 1.0 | 0.9 | 0.8 | 0.7 | -11.2% |
| South Korea | 0.2 | 0.5 | 0.3 | 0.5 | 35.7% |
| Netherlands | 0.6 | 0.5 | 0.2 | 0.3 | -20.6% |
| Latvia | 0.3 | 0.5 | 0.7 | 0.3 | 0.0% |
| Lithuania | 0.4 | 0.5 | 0.9 | 0.2 | -20.6% |
| Others | 1.1 | 1.1 | 1.6 | 1.9 | 20.0% |
| Total | 9.0 | 11.7 | 25.1 | 28.6 | 47.0% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Vietnam in 2022:
- China (2042.5 tons)
- Philippines (817.7 tons)
- Turkey (754.2 tons)
- France (228.3 tons)
- Italy (183.2 tons)
- Thailand (121.1 tons)
- South Korea (88.6 tons)
- Netherlands (46.1 tons)
- Latvia (42.8 tons)
- Lithuania (35.7 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Vietnam
In 2022, shipments abroad of wadding; other articles thereof, of cotta decreased by -8.8% to 4.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 50%.
In value terms, exports of wadding; other articles thereof, of cotta contracted to $25M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. As a result, the exports reached the peak of $29M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Wadding; Other Articles Thereof, of Cotton in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.6 | 16.2 | 15.8 | 19.5 | 26.6% |
| Hong Kong SAR | 5.4 | 8.4 | 8.2 | 2.1 | -27.0% |
| Malaysia | 1.2 | 1.2 | 1.1 | 1.2 | 0.0% |
| Singapore | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
| Philippines | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Cambodia | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Thailand | 0.4 | 0.3 | 0.6 | 0.3 | -9.1% |
| Others | 0.4 | 2.1 | 1.2 | 1.1 | 40.1% |
| Total | 17.7 | 29.0 | 27.9 | 25.2 | 12.5% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Vietnam in 2022:
- Japan (3431.8 tons)
- Hong Kong SAR (366.2 tons)
- Malaysia (215.1 tons)
- Singapore (82.6 tons)
- Cambodia (72.3 tons)
- Philippines (68.1 tons)
- Thailand (48.9 tons)
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