Vietnam: Market for Chamois, Patent and Combination Leather 2024

Market Size for Chamois, Patent and Combination Leather in Vietnam

The Vietnamese market for chamois, patent and combination leather declined to $X in 2022, which is down by -10.5% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Chamois, Patent and Combination Leather in Vietnam

In value terms, chamois, patent and combination leather production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Chamois, Patent and Combination Leather

Exports from Vietnam

In 2022, shipments abroad of chamois, patent and combination leather increased by 9.6% to X square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 665% against the previous year. The exports peaked at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, chamois, patent and combination leather exports surged to $X in 2022. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 555%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters), Myanmar (X square meters) and Taiwan (Chinese) (X square meters) were the main destinations of chamois, patent and combination leather exports from Vietnam, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +67.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for chamois, patent and combination leather exports from Vietnam, comprising 75% of total exports. The second position in the ranking was held by Myanmar ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+12.5% per year) and Taiwan (Chinese) (+23.5% per year).

Export Prices by Country

The average export price for chamois, patent and combination leather stood at $X per square meter in 2022, increasing by 6.2% against the previous year. In general, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Taiwan (Chinese) ($X 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 China (-7.0%), while the prices for the other major destinations experienced a decline.

Imports of Chamois, Patent and Combination Leather

Imports into Vietnam

In 2022, supplies from abroad of chamois, patent and combination leather decreased by -10.5% to X square meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chamois, patent and combination leather imports reduced to $X in 2022. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 63%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X square meters), Tunisia (X square meters) and China (X square meters) were the main suppliers of chamois, patent and combination leather imports to Vietnam, together comprising 73% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of +87.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Tunisia ($X) and China ($X) appeared to be the largest chamois, patent and combination leather suppliers to Vietnam, with a combined 70% share of total imports.

Tunisia, with a CAGR of +88.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for chamois, patent and combination leather stood at $X per square meter in 2022, approximately equating the previous year. In general, the import price, however, saw a noticeable contraction. The growth pace was the most rapid in 2014 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for Singapore ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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