Vietnam: Cotton Table Linen Market 2024

Cotton Table Linen Market Size in Vietnam

The Vietnamese cotton table linen market rose notably to $X in 2022, increasing by 5.4% against the previous year. In general, consumption, however, saw a deep slump. Cotton table linen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cotton Table Linen Production in Vietnam

In value terms, cotton table linen production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cotton Table Linen Exports

Exports from Vietnam

Cotton table linen exports from Vietnam shrank markedly to X tons in 2022, falling by -15.4% compared with 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 153% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton table linen exports shrank to $X in 2022. Over the period under review, exports showed a noticeable setback. The growth pace was the most rapid in 2016 when exports increased by 111%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cotton table linen exports from Vietnam, accounting for a 48% share of total exports. Moreover, cotton table linen exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. Denmark (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.7% per year) and Denmark (-0.5% per year).

In value terms, the United States ($X) remains the key foreign market for table linen of cotton exports from Vietnam, comprising 46% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by Denmark, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.3% per year) and Denmark (-0.8% per year).

Export Prices by Country

The average cotton table linen export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Italy ($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 Denmark (-0.3%), while the prices for the other major destinations experienced a decline.

Cotton Table Linen Imports

Imports into Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of table linen of cotton, when their volume increased by 8.7% to X tons. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,054% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cotton table linen imports expanded remarkably to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 1,126% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main cotton table linen supplier to Vietnam, with a 99% share of total imports. It was followed by India (X kg), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +62.2%.

In value terms, China ($X) constituted the largest supplier of table linen of cotton to Vietnam, comprising 99% of total imports. The second position in the ranking was held by India ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +61.9%.

Import Prices by Country

In 2022, the average cotton table linen import price amounted to $X per ton, waning by -3.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 12%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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