Vietnam: Market for Tailor Dummies And Automata 2024

Market Size for Tailor Dummies And Automata in Vietnam

After two years of decline, the Vietnamese tailor dummies and automata market increased by 26% to $X in 2021. In general, consumption, however, saw a perceptible shrinkage. Tailor dummies and automata consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Tailor Dummies And Automata in Vietnam

In value terms, tailor dummies and automata production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Tailor Dummies And Automata

Exports from Vietnam

For the fourth year in a row, Vietnam recorded decline in overseas shipments of tailor dummies and automata, which decreased by -91.2% to X tons in 2021. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tailor dummies and automata exports plummeted to $X in 2021. In general, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X kg), Portugal (X kg) and the United Arab Emirates (X kg) were the main destinations of tailor dummies and automata exports from Vietnam, with a combined 30% share of total exports. India, Algeria, Poland, Kenya, the Czech Republic, Costa Rica, Croatia, Switzerland, Panama and Greece lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +11.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for tailor dummies and automata exported from Vietnam were Portugal ($X), Japan ($X) and Poland ($X), with a combined 28% share of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +12.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average tailor dummies and automata export price stood at $X per ton in 2021, rising by 48% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tailor dummies and automata export price increased by +128.1% against 2013 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Algeria ($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 Costa Rica (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tailor Dummies And Automata

Imports into Vietnam

After two years of growth, overseas purchases of tailor dummies and automata decreased by -37.2% to X tons in 2021. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 86% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then dropped sharply in the following year.

In value terms, tailor dummies and automata imports fell rapidly to $X in 2021. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 91% against the previous year. Imports peaked at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of tailor dummies and automata to Vietnam, accounting for a 77% share of total imports. Moreover, tailor dummies and automata imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), tenfold. The third position in this ranking was held by Spain (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+7.2% per year) and Spain (+36.6% per year).

In value terms, China ($X) constituted the largest supplier of tailor dummies and automata to Vietnam, comprising 77% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.3% share of total imports. It was followed by Spain, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.3% per year) and Spain (+35.8% per year).

Import Prices by Country

The average tailor dummies and automata import price stood at $X per ton in 2021, growing by 7.8% against the previous year. Overall, the import price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2019 an increase of 8.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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