Report Update Nov 1, 2024

Vietnam - Men's or Boys' Clothing (Not Knitted or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Vietnam

The Vietnamese non-knitted men apparel market shrank dramatically to $X in 2022, reducing by -22% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.1% against 2020 indices. Non-knitted men apparel consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Non-Knitted Men Apparel Production in Vietnam

In value terms, non-knitted men apparel production reduced to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 44%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports from Vietnam

In 2022, the amount of men's or boys' clothing (not knitted or crocheted) exported from Vietnam soared to X units, surging by 428% against the year before. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-knitted men apparel exports soared to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +42.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar (X units) was the main destination for non-knitted men apparel exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +241.9%.

In value terms, Myanmar ($X) emerged as the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Myanmar amounted to +264.7%.

Export Prices by Country

In 2022, the average non-knitted men apparel export price amounted to $X per unit, which is down by -75.1% against the previous year. In general, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 19%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, 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 +8.6% per year.

Non-Knitted Men Apparel Imports

Imports into Vietnam

In 2022, supplies from abroad of men's or boys' clothing (not knitted or crocheted) increased by 300% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a resilient increase. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-knitted men apparel imports shrank markedly to $X in 2022. Overall, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by 113% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X units) was the main supplier of non-knitted men apparel to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar stood at +60.1%.

In value terms, Myanmar ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Vietnam.

From 2012 to 2022, the average annual growth rate of value from Myanmar stood at +45.1%.

Import Prices by Country

In 2022, the average non-knitted men apparel import price amounted to $X per unit, dropping by -82.9% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 23%. The import price peaked at $X per unit in 2021, and then contracted significantly in the following year.

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 Malaysia amounted to +22.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for men's or boys' clothing (not knitted or crocheted) in the world?

China remains the largest non-knitted men apparel consuming country worldwide, accounting for 21% of total volume. Moreover, non-knitted men apparel consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Bangladesh, with a 5.8% share.

What are the largest producers of men's or boys' clothing (not knitted or crocheted) in the world?

The countries with the highest volumes of non-knitted men apparel production in 2021 were China, Bangladesh and India, together comprising 46% of global production. Pakistan, Vietnam, Indonesia, Nigeria, Mexico, Myanmar, Turkey and Egypt lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of men's or boys' clothing (not knitted or crocheted) to Vietnam?

In value terms, China constituted the largest supplier of non-knitted men apparel to Vietnam, comprising 55% of total imports. The second position in the ranking was occupied by Bangladesh, with an 8.3% share of total imports. It was followed by Indonesia, with a 6.1% share.

What are the leading importers of men's or boys' clothing (not knitted or crocheted) from Vietnam?

In value terms, the largest markets for non-knitted men apparel exported from Vietnam were the United States, South Korea and Japan, together accounting for 62% of total exports. These countries were followed by Germany, China, Canada, the Netherlands, Spain and the UK, which together accounted for a further 20%.

What is the average export price for men's or boys' clothing (not knitted or crocheted) in Vietnam?

The average non-knitted men apparel export price stood at $14 per unit in 2021, with an increase of 1.7% against the previous year.

What is the average import price for men's or boys' clothing (not knitted or crocheted) in Vietnam?

The average non-knitted men apparel import price stood at $23 per unit in 2021, rising by 27% against the previous year.

This report provides an in-depth analysis of the non-knitted men apparel 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 14121120 - Men
Prodcom 14121130 - Men
Prodcom 14121240 - Men
Prodcom 14121250 - Men
Prodcom 14132110 -
Prodcom 14132120 -
Prodcom 14132130 - Men
Prodcom 14132210 -
Prodcom 14132220 -
Prodcom 14132300 - Men
Prodcom 14132442 - Men
Prodcom 14132444 - Men
Prodcom 14132445 - Men
Prodcom 14132448 - Men
Prodcom 14132449 - Men
Prodcom 14132455 - Men
Prodcom 14132460 - Men

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023