Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam - 2022
Contents:
- Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam (CIF) - 2022
- Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam (FOB) - 2022
- Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam
- Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam
Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam (CIF) - 2022
In December 2022, the average import price for woven fabrics of combed wool or of combed fine animal hair amounted to $12.0 per square meter, approximately reflecting the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 6.4% m-o-m. The import price peaked at $12.2 per square meter in February 2022; however, from March 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from Italy ($12.6 per square meter) and China ($12.3 per square meter), while the price for South Korea ($9.0 per square meter) and India ($9.8 per square meter) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam (FOB) - 2022
The average export price for woven fabrics of combed wool or of combed fine animal hair stood at $15 per square meter in 2022, growing by 24% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 89%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($16 per square meter), while the average price for exports to Cambodia ($10 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 Bangladesh (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam
Imports of woven fabrics of combed wool or of combed fine animal hair into Vietnam soared to 10M square meters in 2022, growing by 46% on the previous year. Overall, imports, however, showed a drastic downturn. Imports peaked at 14M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of woven fabrics of combed wool or of combed fine animal hair skyrocketed to $82M in 2022. Over the period under review, imports, however, showed a abrupt descent. Imports peaked at $115M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.0 | 15.8 | 22.6 | 36.5 | -14.8% |
| Italy | 13.8 | 7.3 | 9.4 | 15.1 | 3.0% |
| Japan | 22.2 | 12.6 | 10.2 | 13.7 | -14.9% |
| Romania | 2.5 | 1.2 | 4.0 | 6.2 | 35.4% |
| India | 1.0 | 0.8 | 2.6 | 2.6 | 37.5% |
| South Korea | 8.7 | 4.7 | 3.2 | 2.5 | -34.0% |
| Germany | 0.3 | 0.2 | N/A | 1.2 | 58.7% |
| Others | 7.9 | 3.6 | 2.1 | 4.0 | -20.3% |
| Total | 115 | 46.2 | 54.1 | 81.8 | -10.7% |
Top Suppliers of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair to Vietnam in 2022:
- China (5.2M square meters)
- Japan (1.5M square meters)
- Italy (1.1M square meters)
- Romania (0.8M square meters)
- South Korea (0.6M square meters)
- India (0.3M square meters)
- Germany (0.2M square meters)
Exports of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam
In 2022, overseas shipments of woven fabrics of combed wool or of combed fine animal hair decreased by -45.6% to 71K square meters, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 3.5%. As a result, the exports attained the peak of 202K square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of woven fabrics of combed wool or of combed fine animal hair fell rapidly to $1M in 2022. Overall, exports continue to indicate a sharp contraction. The smallest decline of -15.8% was in 2020. The exports peaked at $2.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Combed Wool or of Combed Fine Animal Hair in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 998 | 768 | 720 | 347 | -29.7% |
| Indonesia | 601 | 132 | 148 | 322 | -18.8% |
| China | 94.8 | 68.8 | 181 | 243 | 36.9% |
| Japan | 219 | 51.3 | 404 | 86.0 | -26.8% |
| Cambodia | N/A | 1,127 | 11.6 | 24.4 | -85.3% |
| India | 429 | N/A | N/A | N/A | 0% |
| Others | 242 | 26.6 | 85.9 | 19.2 | -57.0% |
| Total | 2,583 | 2,174 | 1,551 | 1,042 | -26.1% |
Top Export Markets for Woven Fabrics of Combed Wool or of Combed Fine Animal Hair from Vietnam in 2022:
- South Korea (23.2K square meters)
- Indonesia (21.8K square meters)
- China (14.8K square meters)
- Japan (7.8K square meters)
- Cambodia (2.4K square meters)
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