Vietnam: Baby Clothes Market 2024

Baby Clothes Market Size in Vietnam

The Vietnamese baby clothes market dropped notably to $X in 2022, waning by -24.1% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Baby Clothes Production in Vietnam

In value terms, baby clothes production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Baby Clothes Exports

Exports from Vietnam

In 2022, shipments abroad of babies clothing and accessories (not knitted or crocheted) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, baby clothes exports surged to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for baby clothes exports from Vietnam, accounting for a 61% share of total exports. Moreover, baby clothes exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+2.2% per year) and Germany (+6.0% per year).

In value terms, the United States ($X) remains the key foreign market for babies clothing and accessories (not knitted or crocheted) exports from Vietnam, comprising 63% of total exports. The second position in the ranking was taken by Spain ($X), with a 5.7% share of total exports. It was followed by Germany, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+2.6% per year) and Germany (+12.7% per year).

Export Prices by Country

The average baby clothes export price stood at $X per ton in 2022, picking up by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($X 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 Saudi Arabia (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Clothes Imports

Imports into Vietnam

In 2022, the amount of babies clothing and accessories (not knitted or crocheted) imported into Vietnam reduced modestly to X tons, which is down by -4.1% against 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 98% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, baby clothes imports totaled $X in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 162%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) was the main supplier of baby clothes to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar totaled +629.5%.

In value terms, Myanmar ($X) constituted the largest supplier of babies clothing and accessories (not knitted or crocheted) to Vietnam.

From 2012 to 2022, the average annual growth rate of value from Myanmar totaled +627.7%.

Import Prices by Country

In 2022, the average baby clothes import price amounted to $X per ton, increasing by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 an increase of 32% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +10.9% per year.

Source: IndexBox Platform

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