Vietnam: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Vietnam

After three years of growth, the Vietnamese broom, brush, and mop market decreased by -3.2% to $X in 2022. In general, consumption showed a relatively flat trend pattern. Broom, brush, and mop consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Brooms, Brushes, And Mops in Vietnam

In value terms, broom, brush, and mop production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 48%. Broom, brush, and mop production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Vietnam

In 2022, approx. X units of brooms, brushes, and mops were exported from Vietnam; which is down by -12.5% compared with the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, broom, brush, and mop exports fell to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.4% against 2013 indices. The growth pace was the most rapid in 2015 with an increase of 24% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Myanmar (X units) was the main destination for broom, brush, and mop exports from Vietnam, accounting for a 57% share of total exports. Moreover, broom, brush, and mop exports to Myanmar exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was held by the United States (X units), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar stood at +99.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+13.8% per year) and the United States (-2.4% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for brooms, brushes, and mops exports from Vietnam, comprising 49% of total exports. The second position in the ranking was held by Japan ($X), with a 23% share of total exports. It was followed by the United States, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled +96.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.8% per year) and the United States (+3.9% per year).

Export Prices by Country

The average broom, brush, and mop export price stood at $X per unit in 2022, picking up by 8.9% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broom, brush, and mop export price decreased by -8.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 32%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brooms, Brushes, And Mops

Imports into Vietnam

In 2022, the amount of brooms, brushes, and mops imported into Vietnam totaled X units, growing by 6.9% on 2021 figures. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, broom, brush, and mop imports shrank to $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 79% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest broom, brush, and mop supplier to Vietnam, with a 89% share of total imports. It was followed by South Korea (X units), with a 2.4% share of total imports. The third position in this ranking was taken by Japan (X units), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.3% per year) and Japan (-10.0% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Vietnam, comprising 80% of total imports. The second position in the ranking was taken by South Korea ($X), with a 5.4% share of total imports. It was followed by Japan, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.4% per year) and Japan (-0.2% per year).

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, dropping by -15.2% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The growth pace was the most rapid in 2020 an increase of 42%. The import price peaked at $X per unit in 2021, and then shrank dramatically in the following year.

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 Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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