Vietnam: Textile Tubing Market 2024

Textile Tubing Market Size in Vietnam

After three years of decline, the Vietnamese textile tubing market increased by X% to $X in 2023. Over the period under review, consumption enjoyed a temperate increase. Textile tubing consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Textile Tubing Production in Vietnam

In value terms, textile tubing production reached $X in 2023 estimated in export price. Over the period under review, production showed a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Textile Tubing Exports

Exports from Vietnam

After two years of growth, overseas shipments of textile hosepiping and similar textile tubing decreased by X% to X tons in 2023. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, textile tubing exports declined significantly to $X in 2023. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons), Spain (X tons) and Indonesia (X tons) were the main destinations of textile tubing exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Spain ($X) and Indonesia ($X) appeared to be the largest markets for textile tubing exported from Vietnam worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average textile tubing export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Cambodia ($X per ton) and Japan ($X per ton), while the average price for exports to Spain ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Tubing Imports

Imports into Vietnam

In 2023, approx. X tons of textile hosepiping and similar textile tubing were imported into Vietnam; with an increase of X% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, textile tubing imports rose slightly to $X in 2023. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of textile tubing imports to Vietnam, with a combined X% share of total imports. Malaysia, the United States, South Korea, Japan, Italy, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the UK ($X) appeared to be the largest textile tubing suppliers to Vietnam, with a combined X% share of total imports. Malaysia, the United States, South Korea, Japan, Italy, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2023, surging by X% against the previous year. In general, import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, textile tubing import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and the UK ($X per ton), while the price for Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform