The import of warp knit fabric of manmade fibres to Vietnam has shown a consistent upward trend from 2013 to 2023, with the value standing at USD 399.62 million in 2023. Notably, actual imports have grown significantly, particularly from 2013 to 2021, despite a slight dip in 2020. Year-on-year growth rates highlight fluctuations, with the highest being 42.8% in 2014 and reaching 4.39% in the latest year. Over the last five years, the compound annual growth rate (CAGR) has averaged at 5.07%.
Future trends to watch for include a forecasted CAGR of 3.12% from 2024 to 2028, suggesting a stable but slowing growth in imports. Factors to monitor include global supply chain dynamics, local production capabilities, and shifts in trade policies.
