Vietnam: Cotton Fabric Market 2025

Cotton Fabric Market Size in Vietnam

In 2021, after two years of decline, there was significant growth in the Vietnamese cotton fabric market, when its value increased by 17% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Cotton fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cotton Fabric Exports

Exports from Vietnam

In 2021, cotton fabric exports from Vietnam soared to X tons, with an increase of 38% against the previous year. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 84%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cotton fabric exports surged to $X in 2021. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 73%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for cotton fabric exports from Vietnam, with a 96% share of total exports. Moreover, cotton fabric exports to China exceeded the volume sent to the second major destination, Cambodia (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 26% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +71.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+38.4% per year) and South Korea (+14.4% per year).

In value terms, China ($X) remains the key foreign market for woven fabrics of cotton exports from Vietnam, comprising 63% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 26% share of total exports. It was followed by Indonesia, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +66.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+32.4% per year) and Indonesia (+8.5% per year).

Export Prices by Country

In 2021, the average cotton fabric export price amounted to $X per ton, increasing by 6.6% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton fabric export price increased by +11.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 69% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($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 (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Vietnam

In 2021, after four years of decline, there was significant growth in purchases abroad of woven fabrics of cotton, when their volume increased by 22% to X tons. Over the period under review, imports, however, recorded a noticeable curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cotton fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Myanmar (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of cotton fabric imports to Vietnam.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +3,429.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Myanmar ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest cotton fabric suppliers to Vietnam.

Among the main suppliers, Myanmar, with a CAGR of +3,941.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cotton fabric import price amounted to $X per ton, reducing by -2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2013 an increase of 46%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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