Vietnam: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Vietnam

In 2021, the Vietnamese narrow woven fabric market decreased by -19.7% to $X, falling for the third consecutive year after four years of growth. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Narrow Woven Fabric Exports

Exports from Vietnam

In 2021, the amount of narrow woven fabrics exported from Vietnam surged to X tons, growing by 59% against the previous year's figure. In general, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, narrow woven fabric exports surged to $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons), Cambodia (X tons) and India (X tons) were the main destinations of narrow woven fabric exports from Vietnam, with a combined 50% share of total exports. Thailand, Taiwan (Chinese), Indonesia, Bangladesh, Myanmar, China, Hong Kong SAR, Japan, Sri Lanka and Brazil lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +69.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Vietnam were Cambodia ($X), the United States ($X) and Indonesia ($X), together accounting for 51% of total exports. Thailand, India, Taiwan (Chinese), Bangladesh, China, Hong Kong SAR, Sri Lanka, Japan, Myanmar and Brazil lagged somewhat behind, together comprising a further 35%.

Bangladesh, with a CAGR of +42.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average narrow woven fabric export price amounted to $X per ton, shrinking by -19.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 58% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Vietnam

In 2021, purchases abroad of narrow woven fabrics decreased by -11.1% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 56%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports reduced to $X in 2021. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2016 with an increase of 40%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest narrow woven fabric supplier to Vietnam, accounting for a 63% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.4% per year) and Hong Kong SAR (-2.0% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Vietnam, comprising 55% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+1.3% per year) and South Korea (+3.2% per year).

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, surging by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 an increase of 25% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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