Product Code: ETC036410 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Knitted Fabric market currently, in 2023, has witnessed an HHI of 4253, Which has increased slightly as compared to the HHI of 3635 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Vietnam knitted fabric market has experienced significant growth in recent years, driven by the country`s expanding textile and garment industry, increasing demand for comfortable and versatile fabrics, and the rise of the fashion and sportswear sectors. Knitted fabrics are a type of textile that is formed by interlocking loops of yarn, making them flexible, stretchable, and suitable for various applications. As Vietnam economy continues to develop and the fashion industry thrives, the demand for knitted fabrics has risen, contributing to the expansion of the market.
The growth of the Vietnam knitted fabric market is influenced by several key drivers. Firstly, the country`s competitive advantage in the textile and garment sector, with a strong manufacturing base and skilled workforce, has driven the production and export of knitted fabrics. Secondly, the increasing popularity of athleisure and sportswear trends has fueled the demand for comfortable and performance-oriented knitted fabrics. Additionally, the rise of e-commerce and the influence of social media on fashion trends have contributed to the growth of the market, as consumers seek a wide variety of knitted fabric options.
Despite the market`s growth, the Vietnam knitted fabric industry faces certain challenges. Firstly, competition from other textile-producing countries in the region, such as China and Bangladesh, poses a challenge for Vietnamese knitted fabric manufacturers and exporters. The industry must focus on offering innovative designs and ensuring product quality to remain competitive. Secondly, environmental concerns related to the textile industry, such as water pollution and waste generation, have become increasingly important for consumers and regulatory authorities. The industry must adopt sustainable practices and eco-friendly production methods to address these concerns.
The COVID-19 pandemic had a notable impact on the Vietnam knitted fabric market. During the pandemic, disruptions in global supply chains and reduced demand for clothing and textiles affected the industry`s operations and sales. However, as the situation improved and economic activities resumed, the market witnessed a gradual recovery. The pandemic also highlighted the importance of e-commerce and online retail channels for the textile industry, as consumers shifted towards online shopping for clothing and fabrics.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Knitted Fabric Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Knitted Fabric Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Knitted Fabric Market - Industry Life Cycle |
3.4 Vietnam Knitted Fabric Market - Porter's Five Forces |
3.5 Vietnam Knitted Fabric Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
3.6 Vietnam Knitted Fabric Market Revenues & Volume Share, By Fabrics Type, 2021 & 2031F |
4 Vietnam Knitted Fabric Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Knitted Fabric Market Trends |
6 Vietnam Knitted Fabric Market, By Types |
6.1 Vietnam Knitted Fabric Market, By Construction Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Knitted Fabric Market Revenues & Volume, By Construction Type, 2021-2031F |
6.1.3 Vietnam Knitted Fabric Market Revenues & Volume, By Weft , 2021-2031F |
6.1.4 Vietnam Knitted Fabric Market Revenues & Volume, By Wrap, 2021-2031F |
6.2 Vietnam Knitted Fabric Market, By Fabrics Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Knitted Fabric Market Revenues & Volume, By Flat/Jersey, 2021-2031F |
6.2.3 Vietnam Knitted Fabric Market Revenues & Volume, By Purl , 2021-2031F |
6.2.4 Vietnam Knitted Fabric Market Revenues & Volume, By Rib Stitch, 2021-2031F |
6.2.5 Vietnam Knitted Fabric Market Revenues & Volume, By Interlock , 2021-2031F |
7 Vietnam Knitted Fabric Market Import-Export Trade Statistics |
7.1 Vietnam Knitted Fabric Market Export to Major Countries |
7.2 Vietnam Knitted Fabric Market Imports from Major Countries |
8 Vietnam Knitted Fabric Market Key Performance Indicators |
9 Vietnam Knitted Fabric Market - Opportunity Assessment |
9.1 Vietnam Knitted Fabric Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
9.2 Vietnam Knitted Fabric Market Opportunity Assessment, By Fabrics Type, 2021 & 2031F |
10 Vietnam Knitted Fabric Market - Competitive Landscape |
10.1 Vietnam Knitted Fabric Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Knitted Fabric Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |