Vietnam: Table Linen Market 2024

Table Linen Market Size in Vietnam

The Vietnamese table linen market contracted slightly to $X in 2022, waning by -4.9% against the previous year. In general, consumption saw a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Table Linen Production in Vietnam

In value terms, table linen production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 46%. Table linen production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Table Linen Exports

Exports from Vietnam

In 2022, the amount of table linen, knitted or crocheted exported from Vietnam declined to X tons, reducing by -14.1% against the previous year's figure. In general, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, table linen exports fell to $X in 2022. Overall, exports showed a perceptible descent. The growth pace was the most rapid in 2013 when exports increased by 33%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for table linen exports from Vietnam, accounting for a 44% share of total exports. Moreover, table linen exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fivefold. The third position in this ranking was taken by the UK (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.2% per year) and the UK (-12.3% per year).

In value terms, the United States ($X) remains the key foreign market for table linen, knitted or crocheted exports from Vietnam, comprising 48% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.4% share of total exports. It was followed by Japan, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-4.2% per year) and Japan (-6.7% per year).

Export Prices by Country

The average table linen export price stood at $X per ton in 2022, increasing by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 an increase of 41%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Greece ($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 Spain (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Table Linen Imports

Imports into Vietnam

In 2022, overseas purchases of table linen, knitted or crocheted were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, showed a noticeable reduction. The growth pace was the most rapid in 2016 with an increase of 66% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, table linen imports shrank to $X in 2022. Overall, imports recorded a slight increase. The pace of growth was the most pronounced in 2018 when imports increased by 61% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest table linen supplier to Vietnam, with a 79% share of total imports. Moreover, table linen imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-4.4% per year) and the United States (-29.1% per year).

In value terms, China ($X) constituted the largest supplier of table linen, knitted or crocheted to Vietnam, comprising 83% of total imports. The second position in the ranking was held by the Philippines ($X), with a 9.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-1.3% per year) and the United States (-31.1% per year).

Import Prices by Country

In 2022, the average table linen import price amounted to $X per ton, declining by -11% against the previous year. Overall, import price indicated temperate growth 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, table linen import price increased by +23.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 52%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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