Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam - 2022

Contents:

  1. Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam (CIF) - 2022
  2. Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam (FOB) - 2022
  3. Imports of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam
  4. Exports of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam

Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam (CIF) - 2022

The average import price for yarn; of fine animal hair, carded, not put up for retail sale stood at $102,195 per ton in 2022, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 1.4%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($476,564 per ton), while the price for South Korea ($85,218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam (FOB) - 2022

In 2022, the average export price for yarn; of fine animal hair, carded, not put up for retail sale amounted to $56,800 per ton, picking up by 27% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 185%. Over the period under review, the average export prices reached the peak figure at $110,680 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($57,000 per ton), while the average price for exports to Turkey ($1,000 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 South Korea (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam

In 2022, the amount of yarn; of fine animal hair, carded, not put up for retail sale imported into Vietnam soared to 64 tons, picking up by 96% against 2021. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of yarn; of fine animal hair, carded, not put up for retail sale skyrocketed to $6.1M in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 88% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea2239139064,441171.1%
China6717511,3101,27123.7%
Italy10.730.8993111118.1%
Others24.848.964.3322135.0%
Total9291,7443,2736,14587.7%

Top Suppliers of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale to Vietnam in 2022:

  1. South Korea (52.1 tons)
  2. China (10.6 tons)
  3. Italy (0.3 tons)

Exports of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam

In 2022, shipments abroad of yarn; of fine animal hair, carded, not put up for retail sale decreased by -86% to 7 kg, falling for the second year in a row after two years of growth. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. As a result, the exports attained the peak of 216 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of yarn; of fine animal hair, carded, not put up for retail sale shrank markedly to $285 in 2022. In general, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 79%. As a result, the exports attained the peak of $13K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1.31.31.50.2-46.4%
China4.58.10.50.1-71.9%
Hong Kong SAR1.23.10.1N/A-71.1%
Thailand0.20.5N/AN/A150.0%
TurkeyN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total7.212.92.00.3-65.3%

Top Export Markets for Yarn; of Fine Animal Hair, Carded, Not Put Up for Retail Sale from Vietnam in 2022:

  1. South Korea (4.0 kg)
  2. Turkey (1.0 kg)
  3. China (1.0 kg)
  4. Hong Kong SAR (1.0 kg)

Source: IndexBox Market Intelligence Platform

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