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Vietnam - Tufted Textile Fabrics - Market Analysis, Forecast, Size, Trends And Insights
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Vietnam: Tufted Textile Fabric Market Overview 2021

Tufted Textile Fabric Market Size in Vietnam

After two years of growth, the Vietnamese tufted textile fabric market decreased by -X% to $X in 2020. In general, consumption, however, showed a measured increase. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Tufted textile fabric consumption peaked at $X in 2019, and then shrank dramatically in the following year.

Tufted Textile Fabric Exports

Exports from Vietnam

In 2020, overseas shipments of tufted textile fabrics increased by X% to X square meters for the first time since 2016, thus ending a three-year declining trend. Overall, exports enjoyed a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tufted textile fabric exports skyrocketed to $X in 2020. Over the period under review, exports posted strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The U.S. (X square meters) was the main destination for tufted textile fabric exports from Viet Nam, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%.

In value terms, the U.S. ($X) also remains the key foreign market for tufted textile fabric exports from Viet Nam.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%.

Export Prices by Country

In 2020, the average tufted textile fabric export price amounted to $X per square meter, reducing by -X% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per square meter in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Tufted Textile Fabric Imports

Imports into Vietnam

After two years of growth, supplies from abroad of tufted textile fabrics decreased by -X% to X square meters in 2020. In general, imports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at X square meters in 2019, and then shrank rapidly in the following year.

In value terms, tufted textile fabric imports fell rapidly to $X in 2020. Overall, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2019, and then contracted markedly in the following year.

Imports by Country

In 2020, China (X square meters) was the main tufted textile fabric supplier to Viet Nam, with a X% share of total imports. It was followed by Japan (X square meters), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (-X% per year).

In value terms, China ($X) constituted the largest supplier of tufted textile fabric to Viet Nam, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (-X% per year).

Import Prices by Country

The average tufted textile fabric import price stood at $X per square meter in 2020, declining by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tufted textile fabrics in the world?
+
Japan (15M square meters) remains the largest tufted textile fabric consuming country worldwide, accounting for 45% of total volume. Moreover, tufted textile fabric consumption in Japan exceeded the figures recorded by the second-largest consumer, China (3.2M square meters), fivefold. The U.S. (1.7M square meters) ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of tufted textile fabrics in the world?
+
The country with the largest volume of tufted textile fabric production was China (5.6M square meters), accounting for 31% of total volume. Moreover, tufted textile fabric production in China exceeded the figures recorded by the second-largest producer, the U.S. (1.7M square meters), threefold. India (1.1M square meters) ranked third in terms of total production with a 6.3% share.
What are the leading suppliers of tufted textile fabrics to Vietnam?
+
In value terms, China ($1.8M) constituted the largest supplier of tufted textile fabric to Viet Nam, comprising 95% of total imports. The second position in the ranking was occupied by Japan ($41K), with a 2.1% share of total imports.
What are the leading importers of tufted textile fabrics from Vietnam?
+
In value terms, the U.S. ($7.8K) remains the key foreign market for tufted textile fabric exports from Viet Nam.
What is the average export price for tufted textile fabrics in Vietnam?
+
In 2020, the average tufted textile fabric export price amounted to $0.8 per square meter, with a decrease of -75% against the previous year.
What is the average import price for tufted textile fabrics in Vietnam?
+
The average tufted textile fabric import price stood at $5 per square meter in 2020, reducing by -10.8% against the previous year.

Product coverage:
• Prodcom 13204500 - Tufted textile fabrics (excluding tufted carpets and other textile floor coverings)

This report provides an in-depth analysis of the tufted textile fabric 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 2025.


Country coverage:
• Viet Nam

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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