Price for Clothing; Parts, Knitted or Crocheted in Vietnam - 2022
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Vietnam (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Vietnam (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in Vietnam
- Exports of Clothing; Parts, Knitted or Crocheted in Vietnam
Price for Clothing; Parts, Knitted or Crocheted in Vietnam (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $35,686 per ton in 2022, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22%. As a result, import price attained the peak level of $38,373 per ton. From 2019 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 Japan ($35,686 per ton) and Thailand ($35,686 per ton), while the price for China ($35,686 per ton) and South Korea ($35,686 per ton) were amongst the lowest.
From 2012 to 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 Clothing; Parts, Knitted or Crocheted in Vietnam (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $80,692 per ton, rising by 14% against the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($88,800 per ton), while the average price for exports to Sri Lanka ($30,212 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 China (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clothing; Parts, Knitted or Crocheted in Vietnam
In 2022, approx. 2K tons of clothing; parts, knitted or crocheted were imported into Vietnam; rising by 7.2% against 2021 figures. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, clothing; parts, knitted or crocheted imports soared to $72M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clothing; Parts, Knitted or Crocheted in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.2 | 33.3 | 37.9 | 45.7 | 6.2% |
| Taiwan (Chinese) | 6.8 | 4.3 | 7.0 | 10.3 | 14.8% |
| South Korea | 6.7 | 5.3 | 6.1 | 7.6 | 4.3% |
| Thailand | 1.1 | 1.9 | 2.3 | 3.8 | 51.2% |
| Japan | 1.5 | 1.6 | 1.0 | 1.7 | 4.3% |
| Hong Kong SAR | 1.2 | 0.6 | 1.9 | 0.7 | -16.4% |
| Others | 1.4 | 1.8 | 2.1 | 2.5 | 21.3% |
| Total | 56.8 | 48.8 | 58.4 | 72.3 | 8.4% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Vietnam in 2022:
- China (1279.4 tons)
- Taiwan (Chinese) (288.3 tons)
- South Korea (213.8 tons)
- Thailand (105.5 tons)
- Japan (48.1 tons)
- Hong Kong SAR (19.8 tons)
Exports of Clothing; Parts, Knitted or Crocheted in Vietnam
In 2022, approx. 109 tons of clothing; parts, knitted or crocheted were exported from Vietnam; reducing by -52.8% against 2021. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 112%.
In value terms, clothing; parts, knitted or crocheted exports plummeted to $8.8M in 2022. In general, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 188% against the previous year.
| Export of Clothing; Parts, Knitted or Crocheted in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 0.9 | 1.4 | 2.5 | 3.5 | 57.3% |
| Japan | 0.2 | 0.4 | 2.5 | 2.1 | 119.0% |
| Hong Kong SAR | 12.9 | 2.3 | 8.8 | 1.4 | -52.3% |
| China | 1.8 | 0.4 | 0.8 | 0.5 | -34.8% |
| Philippines | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| United States | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Indonesia | 0.4 | 0.5 | 0.1 | 0.1 | -37.0% |
| Sri Lanka | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Mexico | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Bangladesh | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 0.2 | 0.3 | 0.9 | 0.4 | 26.0% |
| Total | 17.3 | 5.7 | 16.4 | 8.8 | -20.2% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Vietnam in 2022:
- Cambodia (41.6 tons)
- Japan (25.3 tons)
- Hong Kong SAR (15.6 tons)
- China (5.7 tons)
- United States (4.7 tons)
- Philippines (4.2 tons)
- Sri Lanka (4.1 tons)
- Indonesia (1.0 tons)
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