Report Update Jan 1, 2025

Vietnam - Wadding of Textile Materials and Articles Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Textile Wadding Market 2025

Textile Wadding Market Size in Vietnam

In 2022, after seven years of growth, there was significant decline in the Vietnamese textile wadding market, when its value decreased by -45.1% to $X. In general, consumption, however, posted temperate growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Textile Wadding Production in Vietnam

In value terms, textile wadding production expanded to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 87% against the previous year. Textile wadding production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from Vietnam

In 2022, shipments abroad of wadding of textile materials and articles thereof increased by 125% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile wadding exports reached $X in 2022. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 58%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for textile wadding exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +161.5%.

In value terms, Myanmar ($X) emerged as the key foreign market for wadding of textile materials and articles thereof exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +193.3%.

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, with a decrease of -55.4% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 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 Myanmar amounted to +12.2% per year.

Textile Wadding Imports

Imports into Vietnam

After four years of growth, supplies from abroad of wadding of textile materials and articles thereof decreased by -14.7% to X tons in 2022. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 78%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, textile wadding imports fell significantly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 68%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of textile wadding to Vietnam, with a 77% share of total imports. Moreover, textile wadding imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+60.6% per year) and Japan (+7.9% per year).

In value terms, China ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Vietnam, comprising 72% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.6% share of total imports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.1% per year) and Turkey (+61.0% per year).

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, with a decrease of -2.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wadding of textile materials and articles thereof in the world?

China constituted the country with the largest volume of wadding of textile consumption, accounting for 17% of total volume. Moreover, wadding of textile consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the largest producers of wadding of textile materials and articles thereof in the world?

China remains the largest wadding of textile producing country worldwide, accounting for 18% of total volume. Moreover, wadding of textile production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the leading suppliers of wadding of textile materials and articles thereof to Vietnam?

In value terms, Japan, Turkey and Hong Kong SAR constituted the largest wadding of textile suppliers to Vietnam, together comprising 71% of total imports. These countries were followed by Lithuania, the Philippines, Spain and Malaysia, which together accounted for a further 16%.

What are the leading importers of wadding of textile materials and articles thereof from Vietnam?

In value terms, the largest markets for wadding of textile exported from Vietnam were Japan, Hong Kong SAR and India, with a combined 95% share of total exports.

What is the average export price for wadding of textile materials and articles thereof in Vietnam?

The average wadding of textile export price stood at $5,392 per ton in 2021, shrinking by -22.6% against the previous year.

What is the average import price for wadding of textile materials and articles thereof in Vietnam?

In 2021, the average wadding of textile import price amounted to $7,459 per ton, picking up by 1.6% against the previous year.

This report provides an in-depth analysis of the textile wadding 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 13991400 - Textile flock and dust and mill neps
Prodcom 17221240 - Wadding, other articles of wadding

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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024