Price for Textiles; Worn Clothing and Other Worn Articles in Vietnam - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Vietnam (FOB) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Vietnam (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in Vietnam
- Imports of Textiles; Worn Clothing and Other Worn Articles in Vietnam
Price for Textiles; Worn Clothing and Other Worn Articles in Vietnam (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $1,196 per ton in 2022, growing by 2.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $1,487 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($4,303 per ton), while the average price for exports to Benin ($315 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 Angola (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Vietnam (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $1,220 per ton in 2022, dropping by -10.8% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 65% against the previous year. Over the period under review, average import prices attained the peak figure at $1,440 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($5,560 per ton), while the price for Pakistan ($500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in Vietnam
Exports of textiles; worn clothing and other worn articleses from Vietnam shrank significantly to 1.3K tons in 2022, declining by -51.5% compared with the previous year. Overall, exports recorded a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 84%.
In value terms, exports of textiles; worn clothing and other worn articleses fell rapidly to $1.5M in 2022. Over the period under review, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 106%.
| Export of Textiles; Worn Clothing and Other Worn Articles in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,887 | 922 | 2,117 | 765 | -41.8% |
| South Korea | 40.8 | 75.6 | 199 | 143 | 51.9% |
| United States | 37.3 | 27.8 | 52.1 | 77.8 | 27.8% |
| Netherlands | 5.1 | 8.5 | 5.5 | 51.3 | 115.9% |
| Malaysia | 11.5 | 5.8 | 17.6 | 34.0 | 43.5% |
| Singapore | 21.5 | 37.5 | 39.0 | 31.1 | 13.1% |
| Thailand | 37.3 | 28.0 | 44.8 | 29.5 | -7.5% |
| Indonesia | 9.1 | 8.0 | 7.5 | 25.7 | 41.4% |
| Togo | 13.3 | 11.7 | 27.9 | 24.6 | 22.8% |
| Benin | N/A | N/A | N/A | 11.1 | 0% |
| Others | 367 | 372 | 575 | 343 | -2.2% |
| Total | 4,430 | 1,497 | 3,085 | 1,537 | -29.7% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Vietnam in 2022:
- Japan (645.3 tons)
- South Korea (120.6 tons)
- United States (65.6 tons)
- Netherlands (43.2 tons)
- Benin (35.4 tons)
- Malaysia (28.6 tons)
- Singapore (26.2 tons)
- Thailand (24.9 tons)
- Indonesia (21.7 tons)
- Togo (20.7 tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in Vietnam
In 2022, overseas purchases of textiles; worn clothing and other worn articleses decreased by -39% to 743 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 81% against the previous year. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of textiles; worn clothing and other worn articleses contracted remarkably to $907K in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 81%. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Textiles; Worn Clothing and Other Worn Articles in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 742 | 1,858 | 1,163 | 368 | -20.8% |
| Japan | 71.8 | 59.4 | 57.7 | 224 | 46.1% |
| United Arab Emirates | 2.6 | 0.5 | 1.4 | 94.4 | 231.1% |
| Malaysia | 128 | 150 | 130 | 56.7 | -23.8% |
| United States | 184 | 183 | 135 | 50.4 | -35.1% |
| Taiwan (Chinese) | 5.5 | 9.6 | 12.5 | 12.9 | 32.9% |
| Philippines | 3.2 | 1.1 | 0.9 | 12.6 | 57.9% |
| Canada | 0.9 | 1.1 | 3.6 | 11.9 | 136.5% |
| Pakistan | 26.6 | 25.7 | 18.5 | 6.7 | -36.8% |
| Others | 174 | 139 | 145 | 69.1 | -26.5% |
| Total | 1,339 | 2,426 | 1,667 | 907 | -12.2% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Vietnam in 2022:
- South Korea (295.4 tons)
- Japan (212.4 tons)
- United Arab Emirates (89.8 tons)
- United States (25.2 tons)
- Philippines (18.8 tons)
- Taiwan (Chinese) (16.0 tons)
- Pakistan (13.4 tons)
- Canada (11.5 tons)
- Malaysia (10.2 tons)
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