Market for Pile And Chenille Fabric in Vietnam
Market Overview
After six years of growth, the Vietnamese pile and chenille fabric market decreased by -
% to $ in . In general, consumption, however, showed a strong increase. Pile and chenille fabric consumption peaked at $ in , and then reduced in the following year.
% to $ in . In general, consumption, however, showed a strong increase. Pile and chenille fabric consumption peaked at $ in , and then reduced in the following year.Consumption
In , after six years of growth, there was significant decline in consumption of woven pile fabrics and chenille fabrics, when its volume decreased by -% to tons. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, consumption reached the peak volume at tons in , and then dropped in the following year.
The revenue of the pile and chenille fabric market in Vietnam reduced to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $ in , and then declined in the following year.
, after six years of growth, there was significant decline in consumption of woven pile fabrics and chenille fabrics, when its volume decreased by -% to tons. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, consumption reached the peak volume at tons in , and then dropped in the following year.The revenue of the pile and chenille fabric market in Vietnam reduced to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $ in , and then declined in the following year.Market Forecast
Driven by increasing demand for woven pile fabrics and chenille fabrics in Vietnam, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Vietnam increased significantly over the last fifteen years (from % to %). Pile and chenille fabric market in Vietnam remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
% to %). Pile and chenille fabric market in Vietnam remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
Vietnam remains a net importer of pile and chenille fabric; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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