Price for Woven Fabrics of Artificial Staple Fibres in Vietnam - 2022
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Vietnam (CIF) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in Vietnam (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Vietnam
- Exports of Woven Fabrics of Artificial Staple Fibres in Vietnam
Price for Woven Fabrics of Artificial Staple Fibres in Vietnam (CIF) - 2022
The average import price for woven fabrics of artificial staple fibres stood at $2.3 per square meter in December 2022, stabilizing at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2022 an increase of 7.4% against the previous month. Over the period under review, average import prices hit record highs at $2.3 per square meter in September 2022; afterwards, it flattened through to December 2022.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Taiwan (Chinese) ($2.6 per square meter) and Japan ($2.6 per square meter), while the price for Turkey ($2.1 per square meter) and South Korea ($2.2 per square meter) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in Vietnam (FOB) - 2022
The average export price for woven fabrics of artificial staple fibres stood at $1.8 per square meter in December 2022, dropping by -19.3% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 33% m-o-m. The export price peaked at $2.2 per square meter in November 2022, and then shrank markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($2.2 per square meter), while the average price for exports to Bangladesh ($1.4 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Artificial Staple Fibres in Vietnam
In 2022, imports of woven fabrics of artificial staple fibres into Vietnam fell slightly to 11M square meters, dropping by -5% against the year before. Overall, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. Imports peaked at 12M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of woven fabrics of artificial staple fibres contracted slightly to $154M in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 6.1% against the previous year. Over the period under review, imports of hit record highs at $166M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Woven Fabrics of Artificial Staple Fibres in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 144 | 129 | 138 | 131 | -3.1% |
| South Korea | 9.2 | 8.5 | 10.6 | 10.1 | 3.2% |
| Taiwan (Chinese) | 4.5 | 4.6 | 4.5 | 4.3 | -1.5% |
| Others | 7.8 | 7.5 | 5.3 | 8.4 | 2.5% |
| Total | 166 | 149 | 159 | 154 | -2.5% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Vietnam in 2022:
- China (9.9M square meters)
- South Korea (0.8M square meters)
- Taiwan (Chinese) (0.3M square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Vietnam
In 2022, the amount of woven fabrics of artificial staple fibres exported from Vietnam expanded to 210K square meters, with an increase of 2.8% against 2021 figures. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 216K square meters. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of woven fabrics of artificial staple fibres skyrocketed to $2.9M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 526 | 1,598 | 1,350 | 1,754 | 49.4% |
| Bangladesh | 497 | 669 | 52.5 | 247 | -20.8% |
| Philippines | 399 | 407 | 159 | 188 | -22.2% |
| Guatemala | 101 | 103 | 42.1 | 102 | 0.3% |
| South Korea | 120 | 130 | 79.5 | 90.0 | -9.1% |
| Singapore | 45.9 | 50.1 | 34.6 | 39.1 | -5.2% |
| Egypt | 59.9 | 58.3 | 21.7 | 24.6 | -25.7% |
| Others | 416 | 354 | 666 | 443 | 2.1% |
| Total | 2,165 | 3,370 | 2,406 | 2,888 | 10.1% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Vietnam in 2022:
- China (115.5K square meters)
- Bangladesh (15.2K square meters)
- Guatemala (10.6K square meters)
- Philippines (9.1K square meters)
- South Korea (5.7K square meters)
- Egypt (5.4K square meters)
- Singapore (2.9K square meters)
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