Vietnam: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Vietnam

In 2022, the Vietnamese market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Vietnam

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X in 2022 estimated in export price. Overall, production recorded significant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Vietnam

In 2022, shipments abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning fell to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Vietnam, accounting for a X% share of total exports. Moreover, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Brazil (X% per year).

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Vietnam

After six years of growth, overseas purchases of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by X% to X tons in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning expanded modestly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier to Vietnam, with a X% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Vietnam, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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