Price for Knitted or Crocheted Pile Fabrics in Vietnam - 2022
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Vietnam (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Vietnam (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Vietnam
- Exports of Knitted or Crocheted Pile Fabrics in Vietnam
Price for Knitted or Crocheted Pile Fabrics in Vietnam (CIF) - 2022
In 2022, the average import price for knitted or crocheted pile fabricses amounted to $8,455 per ton, rising by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $9,926 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($9,911 per ton) and Italy ($9,042 per ton), while the price for China ($8,311 per ton) and Thailand ($8,634 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in Vietnam (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $6,545 per ton in 2022, dropping by -51.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum at $13,377 per ton in 2021, and then fell notably in the following year.
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 Thailand ($9,329 per ton), while the average price for exports to the Philippines ($4,950 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 Lesotho (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in Vietnam
In 2022, approx. 66K tons of knitted or crocheted pile fabricses were imported into Vietnam; picking up by 23% against the previous year's figure. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, knitted or crocheted pile fabrics imports soared to $555M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Knitted or Crocheted Pile Fabrics in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 264 | 292 | 343 | 464 | 20.7% |
| Taiwan (Chinese) | 29.5 | 23.5 | 22.6 | 40.1 | 10.8% |
| South Korea | 32.1 | 27.3 | 29.4 | 23.7 | -9.6% |
| Others | 19.9 | 16.2 | 15.8 | 27.0 | 10.7% |
| Total | 346 | 359 | 411 | 555 | 17.1% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Vietnam in 2022:
- China (55.8K tons)
- Taiwan (Chinese) (4.0K tons)
- South Korea (2.6K tons)
Exports of Knitted or Crocheted Pile Fabrics in Vietnam
In 2022, exports of knitted or crocheted pile fabricses from Vietnam skyrocketed to 7.4K tons, picking up by 232% compared with the year before. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, knitted or crocheted pile fabrics exports soared to $48M in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Knitted or Crocheted Pile Fabrics in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.3 | 21.8 | 21.7 | 29.5 | 19.5% |
| Indonesia | 0.3 | 0.5 | 1.1 | 5.4 | 162.1% |
| Jordan | 0.3 | 0.4 | 0.8 | 3.3 | 122.4% |
| Thailand | 0.6 | 0.6 | 2.6 | 3.0 | 71.0% |
| Philippines | 0.2 | 0.1 | 0.6 | 1.4 | 91.3% |
| India | N/A | N/A | 0.1 | 1.4 | 1300.0% |
| Malaysia | 0.4 | 0.6 | 0.3 | 0.8 | 26.0% |
| Sri Lanka | 1.5 | 0.2 | 1.6 | 0.1 | -59.5% |
| Others | 0.6 | 0.8 | 0.9 | 3.3 | 76.5% |
| Total | 21.1 | 25.0 | 29.7 | 48.3 | 31.8% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Vietnam in 2022:
- China (4900.6 tons)
- Indonesia (728.9 tons)
- Jordan (371.5 tons)
- Thailand (324.1 tons)
- Philippines (292.4 tons)
- India (157.6 tons)
- Malaysia (146.4 tons)
- Sri Lanka (25.1 tons)
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