Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam - 2022
Contents:
- Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (CIF) - 2022
- Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (FOB) - 2022
- Imports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
- Exports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (CIF) - 2022
In 2022, the average import price for man-made filament yarn (other than sewing thread), put up for retail sale amounted to $5,308 per ton, standing approx. at the previous year. Overall, the import price saw a perceptible expansion. The pace of growth appeared the most rapid in 2018 an increase of 69% against the previous year. The import price peaked at $7,530 per ton in 2016; however, from 2017 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 South Korea ($13,832 per ton), while the price for Taiwan (Chinese) ($4,794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (FOB) - 2022
In 2022, the average export price for man-made filament yarn (other than sewing thread), put up for retail sale amounted to $12,837 per ton, dropping by -10.8% against the previous year. Over the period under review, the export price, however, posted prominent growth. The growth pace was the most rapid in 2015 when the average export price increased by 128%. The export price peaked at $15,171 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($89,500 per ton), while the average price for exports to El Salvador ($3,560 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 Brazil (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
In 2022, purchases abroad of man-made filament yarn (other than sewing thread), put up for retail sale decreased by -18% to 401 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year.
In value terms, imports of man-made filament yarn (other than sewing thread), put up for retail sale dropped notably to $2.1M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of $2.6M, and then plummeted in the following year.
| Import of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 987 | 1,620 | 2,332 | 1,860 | 23.5% |
| Thailand | 110 | 87.2 | 122 | 150 | 10.9% |
| South Korea | 270 | 98.2 | 63.5 | 34.6 | -49.6% |
| Japan | 355 | 61.5 | 36.9 | 33.7 | -54.4% |
| Others | 19.8 | 77.4 | 24.8 | 70.8 | 52.9% |
| Total | 1,741 | 1,945 | 2,579 | 2,149 | 7.3% |
Top Suppliers of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale to Vietnam in 2022:
- China (367.6 tons)
- Thailand (14.9 tons)
- Japan (2.9 tons)
- South Korea (2.5 tons)
Exports of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam
In 2022, the amount of man-made filament yarn (other than sewing thread), put up for retail sale exported from Vietnam stood at 85 tons, surging by 9.2% compared with the year before. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 195%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of man-made filament yarn (other than sewing thread), put up for retail sale contracted rapidly to $671K in 2022. In general, exports continue to indicate slight growth. The pace of growth was the most pronounced in 2021 with an increase of 354%. As a result, the exports attained the peak of $1.1M, and then declined notably in the following year.
| Export of Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 116 | 432 | 272.4% |
| Canada | N/A | 0.5 | 0.3 | 103 | 1335.3% |
| Kenya | 338 | 85.4 | 465 | 79.4 | -38.3% |
| El Salvador | N/A | N/A | N/A | 23.8 | 0% |
| Japan | 227 | 4.3 | 122 | 15.7 | -59.0% |
| France | 0.2 | 20.3 | 308 | 1.0 | 71.0% |
| Indonesia | N/A | 60.6 | N/A | 0.2 | -94.3% |
| Australia | 30.2 | N/A | 52.3 | N/A | 31.6% |
| Others | 45.7 | 74.2 | 49.6 | 15.0 | -31.0% |
| Total | 642 | 245 | 1,113 | 671 | 1.5% |
Top Export Markets for Man-Made Filament Yarn (Other than Sewing Thread), Put Up for Retail Sale from Vietnam in 2022:
- United States (61.1 tons)
- Canada (13.4 tons)
- El Salvador (6.7 tons)
- Kenya (2.2 tons)
- Japan (0.3 tons)
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