Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam - 2022
Contents:
- Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam (CIF) - 2022
- Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam (FOB) - 2022
- Imports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam
- Exports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam
Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam (CIF) - 2022
In December 2022, the average import price for woven fabrics of carded wool or of carded fine animal hair amounted to $15.3 per square meter, jumping by 15% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Austria ($26.5 per square meter), while the price for Italy ($10.7 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam (FOB) - 2022
In 2022, the average export price for woven fabrics of carded wool or of carded fine animal hair amounted to $9.8 per square meter, declining by -8.1% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for woven fabrics of carded wool or of carded fine animal hair decreased by -40.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 53%. As a result, the export price reached the peak level of $16 per square meter. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($23 per square meter), while the average price for exports to Angola ($0.7 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam
In 2022, imports of woven fabrics of carded wool or of carded fine animal hair into Vietnam rose significantly to 3.7M square meters, surging by 11% against the previous year's figure. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of woven fabrics of carded wool or of carded fine animal hair expanded markedly to $49M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.6 | 19.1 | 32.6 | 33.7 | 24.2% |
| Italy | 6.3 | 5.1 | 5.4 | 6.9 | 3.1% |
| Japan | 11.4 | 6.0 | 4.0 | 3.9 | -30.1% |
| South Korea | 2.7 | 2.6 | 4.0 | 3.9 | 13.0% |
| Others | 1.5 | 0.8 | 0.5 | 1.0 | -12.6% |
| Total | 39.5 | 33.6 | 46.5 | 49.4 | 7.7% |
Top Suppliers of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair to Vietnam in 2022:
- China (2538.5K square meters)
- Italy (590.5K square meters)
- South Korea (277.3K square meters)
- Japan (254.5K square meters)
Exports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam
In 2022, the amount of woven fabrics of carded wool or of carded fine animal hair exported from Vietnam contracted markedly to 93K square meters, reducing by -30.8% on the year before. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 346% against the previous year. As a result, the exports reached the peak of 134K square meters, and then shrank remarkably in the following year.
In value terms, exports of woven fabrics of carded wool or of carded fine animal hair fell remarkably to $907K in 2022. Overall, exports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 188% against the previous year. As a result, the exports attained the peak of $1.4M, and then declined remarkably in the following year.
| Export of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 118 | 337 | 779 | 348 | 43.4% |
| China | 72.0 | 9.6 | 325 | 335 | 66.9% |
| Japan | 40.9 | N/A | N/A | 88.0 | 29.1% |
| South Korea | 7.9 | 43.0 | 23.0 | 32.8 | 60.7% |
| Angola | N/A | N/A | N/A | 17.6 | 0% |
| Cambodia | N/A | N/A | 8.5 | 14.6 | 71.8% |
| India | 391 | N/A | N/A | N/A | 0% |
| Myanmar | 46.2 | 9.0 | 134 | N/A | 70.3% |
| Others | 162 | 96.3 | 157 | 71.1 | -24.0% |
| Total | 838 | 495 | 1,426 | 907 | 2.7% |
Top Export Markets for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair from Vietnam in 2022:
- China (37.6K square meters)
- Angola (25.5K square meters)
- Norway (15.0K square meters)
- Japan (5.9K square meters)
- Cambodia (3.3K square meters)
- South Korea (2.4K square meters)
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