Vietnam: Market for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn 2024

Market Size for Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn in Vietnam

In 2022, the Vietnamese metal thread woven fabric market decreased by -26.4% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption, however, showed significant growth. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Exports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Exports from Vietnam

In 2022, exports of woven fabrics of metal thread and woven fabrics of metallised yarn from Vietnam skyrocketed to X square meters, rising by 321% on the previous year. Overall, exports, however, recorded a dramatic setback. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal thread woven fabric exports soared to $X in 2022. In general, exports, however, showed a dramatic decrease. The growth pace was the most rapid in 2018 when exports increased by 66% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X square meters), South Africa (X square meters) and Thailand (X square meters) were the main destinations of metal thread woven fabric exports from Vietnam.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +51.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), South Korea ($X) and the Philippines ($X) appeared to be the largest markets for metal thread woven fabric exported from Vietnam worldwide.

South Korea, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal thread woven fabric export price amounted to $X per square meter, reducing by -63% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 250% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then declined rapidly in the following year.

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 South Korea ($X per square meter), while the average price for exports to Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Fabrics Of Metal Thread And Woven Fabrics Of Metallised Yarn

Imports into Vietnam

After ten years of growth, purchases abroad of woven fabrics of metal thread and woven fabrics of metallised yarn decreased by -26.4% to X square meters in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. As a result, imports reached the peak of X square meters, and then declined dramatically in the following year.

In value terms, metal thread woven fabric imports fell significantly to $X in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,662%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X square meters) constituted the largest metal thread woven fabric supplier to Vietnam, accounting for a 63% share of total imports. Moreover, metal thread woven fabric imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. The third position in this ranking was taken by Germany (X square meters), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +59.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.5% per year) and Germany (+20.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of woven fabrics of metal thread and woven fabrics of metallised yarn to Vietnam, comprising 17% of total imports. The second position in the ranking was held by China ($X), with an 8.1% share of total imports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.3% per year) and Turkey (+29.0% per year).

Import Prices by Country

In 2022, the average metal thread woven fabric import price amounted to $X per square meter, stabilizing at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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