Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam - 2022

Contents:

1. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam (CIF) - 2022
2. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam (FOB) - 2022
3. Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam
4. Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam (CIF) - 2022

In December 2022, the average import price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $10,056 per ton, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2022 an increase of 19% m-o-m. The import price peaked in December 2022.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Malaysia ($10,586 per ton) and Thailand ($10,517 per ton), while the price for Japan ($9,443 per ton) and Taiwan (Chinese) ($9,715 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam (FOB) - 2022

The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $8,265 per ton in December 2022, approximately equating the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2022 an increase of 1.8% month-to-month. Over the period under review, the average export prices attained the maximum at $8,355 per ton in November 2022, and then declined in the following month.

Average prices varied noticeably for the major external markets. In December 2022, the countries with the highest prices were Myanmar ($8,540 per ton) and Bangladesh ($8,373 per ton), while the average price for exports to South Korea ($7,665 per ton) and the Philippines ($7,898 per ton) were amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam

Imports of fabrics, knitted or crocheted, of a width of > 30 cms into Vietnam surged to 496K tons in 2022, increasing by 26% against 2021 figures. The total import volume increased at an average annual rate of +5.6% 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms surged to $4.3B in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, 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.

Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Vietnam in 2022:

1. China (361.1K tons)
2. Taiwan (Chinese) (47.4K tons)
3. South Korea (40.2K tons)
4. Malaysia (11.5K tons)
5. Thailand (11.4K tons)
6. Hong Kong SAR (9.6K tons)

Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Vietnam

In 2022, approx. 86K tons of fabrics, knitted or crocheted, of a width of > 30 cms were exported from Vietnam; surging by 11% compared with the year before. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms soared to $660M 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 +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Vietnam in 2022:

1. Cambodia (26.7K tons)
2. Indonesia (16.6K tons)
3. China (10.2K tons)
4. India (7.2K tons)
5. Thailand (6.9K tons)
6. South Korea (4.6K tons)
7. Philippines (2.8K tons)
8. Jordan (2.6K tons)
9. Guatemala (1.5K tons)
10. Sri Lanka (1.4K tons)
11. Nicaragua (1.0K tons)

Source: IndexBox Market Intelligence Platform