The import of tulles and other net fabrics to Vietnam has exhibited a consistent growth over the years, with few exceptions. From 2013 to 2023, the value increased from $152.72 million to $229.22 million, reflecting a steady rise in demand. There were notable fluctuations such as a significant growth in 2021 by 24.84% and a decline in 2020 by 13.82%. However, the market has generally maintained an upward trend. The compounded annual growth rate (CAGR) for the last five years (2018-2023) stands at 3.64%.
Since we are in 2024, it is important to note that the forecast projects a continuation of this trend, with the import value expected to reach $266.85 million by 2028. The forecasted CAGR for the next five years is 2.39%, indicating steady growth.
Key future trends to watch for include the potential impact of local production capabilities, shifting global supply chains, and the increasing focus on sustainable fabrics that could influence import dynamics. Additionally, economic policies and trade agreements will play pivotal roles in shaping the future import landscape.
