Wood; Clothes Hangers Price in Vietnam - 2022

Contents:

  1. Wood; Clothes Hangers Price in Vietnam (FOB) - 2022
  2. Wood; Clothes Hangers Price in Vietnam (CIF) - 2022
  3. Wood; Clothes Hangers Exports in Vietnam
  4. Wood; Clothes Hangers Imports in Vietnam

Wood; Clothes Hangers Price in Vietnam (FOB) - 2022

In 2022, the average wood; clothes hangers export price amounted to $2,357 per ton, declining by -18.2% against the previous year. Over the period under review, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum at $3,529 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,186 per ton), while the average price for exports to Myanmar ($646 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 Indonesia (-0.6%), while the prices for the other major destinations experienced a decline.

Wood; Clothes Hangers Price in Vietnam (CIF) - 2022

The average wood; clothes hangers import price stood at $3,986 per ton in 2022, falling by -5.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 8.7%. Over the period under review, average import prices reached the maximum at $4,459 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Hong Kong SAR ($5,130 per ton), while the price for Cambodia ($2,367 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Wood; Clothes Hangers Exports in Vietnam

After two years of decline, shipments abroad of wood; clothes hangerses increased by 65% to 693 tons in 2022. Overall, exports, however, recorded a significant decline.

In value terms, wood; clothes hangers exports soared to $1.6M in 2022. In general, exports, however, showed a precipitous decline.

Export of Wood; Clothes Hangers in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1,7411,014597820-22.2%
United States3094273473998.9%
Japan32022786.2153-21.8%
Indonesia13153.748.056.7-24.4%
Myanmar34647.43.628.1-56.7%
France10441.47.925.7-37.2%
China14165.820.721.6-46.5%
Others33318098.6129-27.1%
Total3,4262,0571,2091,633-21.9%

Top Export Markets for Wood; Clothes Hangers from Vietnam in 2022:

  1. South Korea (376.7 tons)
  2. United States (145.2 tons)
  3. Japan (48.1 tons)
  4. Myanmar (43.6 tons)
  5. Indonesia (25.7 tons)
  6. France (9.1 tons)
  7. China (7.5 tons)

Wood; Clothes Hangers Imports in Vietnam

In 2022, supplies from abroad of wood; clothes hangerses increased by 57% to 297 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction.

In value terms, wood; clothes hangers imports soared to $1.2M in 2022. Overall, imports, however, showed a drastic downturn.

Import of Wood; Clothes Hangers in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,4331,349633895-14.5%
United States39.441.040.059.214.5%
Australia33.233.331.245.411.0%
Japan19.322.825.242.430.0%
Hong Kong SAR44.238.818.041.5-2.1%
Cambodia36.722.37.828.7-7.9%
South Korea29.221.75.124.0-6.3%
Others38.138.135.945.76.3%
Total1,6731,5677971,182-10.9%

Top Suppliers of Wood; Clothes Hangers to Vietnam in 2022:

  1. China (217.5 tons)
  2. United States (22.5 tons)
  3. Japan (12.6 tons)
  4. Cambodia (12.1 tons)
  5. Australia (9.9 tons)
  6. Hong Kong SAR (8.1 tons)
  7. South Korea (6.9 tons)

Source: IndexBox Market Intelligence Platform

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