Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam - 2022
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $118 per unit, falling by -27.6% against the previous year. Overall, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 43%. Over the period under review, average import prices hit record highs at $559 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($124 per unit), while the price for South Korea ($118 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-3.1%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam (FOB) - 2022
In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $882 per unit, waning by -11.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,063 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($1,133 per unit), while the average price for exports to South Korea ($666 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 Singapore (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam
In 2022, approx. 266K units of articles of apparel, clothing accessories and other articles of furskin were imported into Vietnam; surging by 40% on the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin totaled $31M in 2022. Overall, imports, however, continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 6%. Imports peaked at $77M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.6 | 23.9 | 26.3 | 26.9 | -23.3% |
| South Korea | 12.3 | 3.9 | 3.7 | 4.0 | -31.2% |
| Others | 4.6 | 1.4 | 0.9 | 0.4 | -55.7% |
| Total | 76.5 | 29.2 | 31.0 | 31.3 | -25.8% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Vietnam in 2022:
- China (228.6K units)
- South Korea (33.6K units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam
In 2022, the amount of articles of apparel, clothing accessories and other articles of furskin exported from Vietnam surged to 4.5K units, jumping by 173% against the previous year. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 510%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin surged to $4M in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 471%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 219 | 82.1 | 656 | 1,175 | 75.1% |
| China | 52.5 | 28.7 | 86.7 | 950 | 162.5% |
| United States | 1.1 | 36.0 | 528 | 869 | 824.4% |
| Netherlands | 7.6 | 6.0 | 16.8 | 283 | 233.9% |
| Japan | 14.5 | 1.5 | 36.3 | 217 | 146.4% |
| Singapore | 22.0 | 4.0 | 2.0 | 137 | 84.0% |
| Taiwan (Chinese) | 5.6 | N/A | 5.0 | 108 | 168.2% |
| Malaysia | 9.3 | N/A | 2.6 | 73.3 | 99.0% |
| Thailand | 61.7 | 95.1 | 221 | 14.7 | -38.0% |
| Others | 75.9 | 33.6 | 86.3 | 138 | 22.1% |
| Total | 469 | 287 | 1,640 | 3,964 | 103.7% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Vietnam in 2022:
- South Korea (1765.0 units)
- China (926.0 units)
- United States (868.0 units)
- Netherlands (271.0 units)
- Japan (217.0 units)
- Singapore (121.0 units)
- Taiwan (Chinese) (103.0 units)
- Malaysia (71.0 units)
- Thailand (13.0 units)
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