Vietnam - Brooms And Brushes Of Twigs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTwig Broom Price in Vietnam - 2021
Contents:
- Twig Broom Price in Vietnam (CIF) - 2022
- Twig Broom Price in Vietnam (FOB) - 2022
- Twig Broom Imports in Vietnam
- Twig Broom Exports in Vietnam
Twig Broom Price in Vietnam (CIF) - 2022
In 2022, the average twig broom import price amounted to $1.6 per unit, with a decrease of -8.5% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twig broom import price increased by +51.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. The import price peaked at $1.7 per unit in 2021, and then shrank in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($2.1 per unit) and South Korea ($1.7 per unit), while the price for Taiwan (Chinese) ($1.5 per unit) and China ($1.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Twig Broom Price in Vietnam (FOB) - 2022
In 2022, the average twig broom export price amounted to $1.4 per unit, with a decrease of -6% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twig broom export price increased by +78.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $1.4 per unit in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($2.2 per unit), while the average price for exports to Chile ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Twig Broom Imports in Vietnam
In 2022, imports of brooms and brushes of twigs into Vietnam skyrocketed to 2.2M units, picking up by 18% against the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.0% 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 decreased by -11.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 82% against the previous year. As a result, imports reached the peak of 2.5M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, twig broom imports expanded remarkably to $3.5M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 99.9%. As a result, imports reached the peak of $3.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Twig Broom in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 691 | 2,853 | 2,492 | 2,729 | 58.1% |
| South Korea | 542 | 311 | 344 | 436 | -7.0% |
| Taiwan (Chinese) | 143 | 95.9 | 109 | 126 | -4.1% |
| Japan | 253 | 315 | 155 | 19.5 | -57.4% |
| Others | 241 | 165 | 149 | 184 | -8.6% |
| Total | 1,870 | 3,740 | 3,249 | 3,494 | 23.2% |
Top Suppliers of Twig Broom to Vietnam in 2022:
- China (1712.5K units)
- South Korea (253.0K units)
- Taiwan (Chinese) (85.4K units)
- Japan (9.2K units)
Twig Broom Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of brooms and brushes of twigs, when their volume decreased by -7.4% to 2.1M units. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, the exports reached the peak of 2.2M units, and then shrank in the following year.
In value terms, twig broom exports declined to $2.8M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +29.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, the exports reached the peak of $3.2M, and then shrank in the following year.
| Export of Twig Broom in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 467 | 582 | 646 | 571 | 6.9% |
| Japan | 595 | 575 | 625 | 434 | -10.0% |
| Georgia | 69.5 | 103 | 132 | 289 | 60.8% |
| Lebanon | 47.7 | 80.8 | 136 | 201 | 61.5% |
| Australia | 69.4 | 74.5 | 129 | 195 | 41.1% |
| France | 26.9 | 17.6 | 26.2 | 176 | 87.0% |
| Taiwan (Chinese) | 82.5 | 56.7 | 79.0 | 134 | 17.5% |
| India | 15.2 | 17.9 | 11.0 | 97.3 | 85.7% |
| Kazakhstan | 0.3 | 0.1 | 0.1 | 75.9 | 532.5% |
| Russia | 27.9 | 17.5 | 45.0 | 66.4 | 33.5% |
| Canada | 34.1 | 43.1 | 48.5 | 63.7 | 23.2% |
| Spain | 56.0 | 10.9 | 7.1 | 49.4 | -4.1% |
| Chile | 18.4 | 5.0 | 12.7 | 22.3 | 6.6% |
| Others | 636 | 788 | 1,301 | 410 | -13.6% |
| Total | 2,146 | 2,372 | 3,200 | 2,786 | 9.1% |
Top Export Markets for Twig Broom from Vietnam in 2022:
- Japan (588.0K units)
- United States (358.4K units)
- Georgia (180.4K units)
- France (102.6K units)
- Chile (100.5K units)
- Lebanon (90.1K units)
- Australia (89.7K units)
- Taiwan (Chinese) (72.3K units)
- India (49.9K units)
- Kazakhstan (46.9K units)
- Russia (35.0K units)
- Canada (32.2K units)
- Spain (31.0K units)
This report provides an in-depth analysis of the twig broom market 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 32911110 - Brooms and brushes of twigs or other vegetable materials, b ound together
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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