Report Update Jan 1, 2025

Vietnam - Artificial Staple Fibres - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Artificial Staple Fibre Market 2025

Artificial Staple Fibre Market Size in Vietnam

The Vietnamese artificial staple fibre market dropped markedly to $X in 2021, falling by -19.3% against the previous year. In general, consumption showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Artificial Staple Fibre Production in Vietnam

In value terms, artificial staple fibre production contracted remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 64%. Artificial staple fibre production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Artificial Staple Fibre Exports

Exports from Vietnam

In 2021, overseas shipments of artificial staple fibres increased by 596% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep reduction. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, artificial staple fibre exports skyrocketed to $X in 2021. Overall, exports showed a moderate increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for artificial staple fibre exports from Vietnam, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at +157.1%.

In value terms, China ($X) also remains the key foreign market for artificial staple fibres exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to China stood at +117.3%.

Export Prices by Country

In 2021, the average artificial staple fibre export price amounted to $X per ton, reducing by -18.3% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 an increase of 281% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to +2.2% per year.

Artificial Staple Fibre Imports

Imports into Vietnam

In 2021, imports of artificial staple fibres into Vietnam soared to X tons, rising by 25% compared with 2020. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 565% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, artificial staple fibre imports surged to $X in 2021. Overall, imports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of 315%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main artificial staple fibre supplier to Vietnam, with a 93% share of total imports. Moreover, artificial staple fibre imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +21.8%.

In value terms, China ($X) constituted the largest supplier of artificial staple fibres to Vietnam, comprising 68% of total imports. The second position in the ranking was taken by South Korea ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.7%.

Import Prices by Country

The average artificial staple fibre import price stood at $X per ton in 2021, rising by 38% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+20.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial staple fibres in the world?

The country with the largest volume of artificial staple fibre consumption was China, comprising approx. 15% of total volume. Moreover, artificial staple fibre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of artificial staple fibres in the world?

China constituted the country with the largest volume of artificial staple fibre production, accounting for 16% of total volume. Moreover, artificial staple fibre production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of artificial staple fibres to Vietnam?

In value terms, China constituted the largest supplier of artificial staple fibre to Vietnam.

What are the leading importers of artificial staple fibres from Vietnam?

In value terms, China emerged as the key foreign market for artificial staple fibre exports from Vietnam, comprising 71% of total exports. The second position in the ranking was occupied by Switzerland, with a 29% share of total exports.

What is the average export price for artificial staple fibres in Vietnam?

In 2020, the average artificial staple fibre export price amounted to $5,388 per ton, dropping by -67% against the previous year.

What is the average import price for artificial staple fibres in Vietnam?

The average artificial staple fibre import price stood at $5,594 per ton in 2020, with an increase of 5.3% against the previous year.

This report provides an in-depth analysis of the artificial staple fibre 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 2030.

Product coverage:

Prodcom 13103200 - Artificial staple fibres, carded, combed or otherwise processed for spinning

Country coverage:

Vietnam

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024