Report Update: Apr 1, 2024

Vietnam - Finishing Agents Used In The Textile Industry - Market Analysis, Forecast, Size, Trends And Insights

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Price for Textile Industry Finishing Agents in Vietnam - 2021

Price for Textile Industry Finishing Agents in Vietnam (FOB) - 2022

The average textile industry finishing agents export price stood at $1,577 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 18%. Over the period under review, the average export prices hit record highs at $1,882 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,637 per ton), while the average price for exports to Hong Kong SAR ($416 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 Singapore (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Textile Industry Finishing Agents in Vietnam (CIF) - 2022

In 2022, the average textile industry finishing agents import price amounted to $2,435 per ton, falling by -6.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $2,774 per ton in 2013; however, from 2014 to 2022, 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 Indonesia ($2,533 per ton) and Thailand ($2,533 per ton), while the price for Spain ($2,266 per ton) and Taiwan (Chinese) ($2,271 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Textile Industry Finishing Agents in Vietnam

In 2022, after three years of growth, there was decline in shipments abroad of finishing agents used in the textile industry, when their volume decreased by -1.7% to 146K tons. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.8% 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 +99.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 96%.

In value terms, textile industry finishing agents exports reduced slightly to $230M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 66%.

Export of Textile Industry Finishing Agents in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	54.1	90.5	97.3	93.7	20.1%
South Korea	39.2	57.6	62.1	59.8	15.1%
Japan	19.3	36.9	21.8	29.4	15.1%
Malaysia	12.7	20.7	24.4	23.5	22.8%
Cambodia	1.9	3.8	9.1	8.8	66.7%
Singapore	1.9	3.9	5.0	4.9	37.1%
Hong Kong SAR	3.9	5.0	3.9	2.2	-17.4%
Others	5.0	10.0	8.0	7.8	16.0%
Total	138	228	232	230	18.6%

Top Export Markets for Textile Industry Finishing Agents from Vietnam in 2022:

Thailand (57.3K tons)
South Korea (37.6K tons)
Japan (18.3K tons)
Malaysia (14.4K tons)
Cambodia (5.4K tons)
Hong Kong SAR (5.2K tons)
Singapore (3.0K tons)

Imports of Textile Industry Finishing Agents in Vietnam

In 2022, imports of finishing agents used in the textile industry into Vietnam totaled 52K tons, almost unchanged from 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1.5% against the previous year. As a result, imports attained the peak of 52K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, textile industry finishing agents imports contracted to $126M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $133M, and then contracted in the following year.

Import of Textile Industry Finishing Agents in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	41.0	45.0	56.5	52.4	8.5%
Taiwan (Chinese)	33.2	29.4	28.6	28.1	-5.4%
South Korea	10.5	10.6	13.4	12.4	5.7%
Thailand	3.9	9.9	10.3	9.6	35.0%
Germany	4.6	5.3	4.7	4.5	-0.7%
Japan	4.6	4.5	4.1	4.1	-3.8%
Indonesia	1.3	1.4	4.0	3.7	41.7%
India	1.9	1.9	1.9	1.7	-3.6%
Others	9.4	10.4	9.5	9.2	-0.7%
Total	110	118	133	126	4.6%

Top Suppliers of Textile Industry Finishing Agents to Vietnam in 2022:

China (20.7K tons)
Taiwan (Chinese) (12.4K tons)
South Korea (4.9K tons)
Thailand (3.8K tons)
Germany (2.0K tons)
Japan (1.8K tons)
Indonesia (1.4K tons)
India (0.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for textile industry finishing agents in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20595570 - Finishing agents, etc., used in the textile industry

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023