(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The "Vietnam Cotton import Research Report 2024-2033" report has been added to ResearchAndMarkets.com's offering. Vietnam's cotton imports reached USD 2.744 billion in 2023, and with rising market demand in 2024, the import value from January to May 2024 approached USD 1.309 billion.
Currently, the world's leading cotton-producing countries include China, the United States, India, Brazil, and Australia. India, the United States, and China are the three most influential countries in the global cotton market. In terms of production, China is the world's largest cotton producer, with a significant annual output, followed by India and the United States. Globally, Asia and Western markets represent the largest demand for cotton, and in recent years, demand has also been increasing in emerging markets due to economic growth and rising income levels.
Vietnam, as an emerging economy in Southeast Asia and the world's second-largest textile exporter, has experienced rapid economic growth in recent years. The textile industry has become a key pillar of the Vietnamese economy, driving an increase in cotton demand. However, Vietnam's cotton production is extremely low, meeting only about 1% of its domestic demand, which forces the country to heavily rely on imports to support its garment and textile industry. Vietnam is now the third-largest cotton-importing country in the world, with annual cotton import values reaching several billion dollars.
According to the analyst, Vietnam's main sources of cotton imports include the United States, Australia, Brazil, China, and Singapore. Among them, the United States is the largest supplier of cotton to Vietnam, with a significant proportion of Vietnam's cotton imports coming from the U.S. annually. Between 2021 and 2024, Vietnam's primary cotton suppliers were the U.S., Australia, and Brazil, with key exporters to Vietnam including SUNRAY MACAO COMMERCIAL LIMITED, BROS MACAO COMMERCIAL OFFSHORE LIMITED, AND LOUIS DREYFUS COMPANY SUISSE S.A.
The analyst also indicates that between 2021 and 2024, Vietnam's major cotton importers were companies in the textile and garment sectors, including BROTEX (VIETNAM) CO. LTD., TEXHONG GALAXY, AND TEXHONG YINLONG TECHNOLOGY.
Overall, due to Vietnam's limited domestic cotton production capacity, the country relies heavily on imported cotton. As the global economy recovers and Vietnam's textile industry continues to grow, demand for high-quality cotton and stable supply is expected to rise. The analyst forecasts that with the upgrading of Vietnam's textile industry and the expansion of international markets, the demand for cotton in Vietnam will continue to grow, along with increasing cotton import volumes.
Topics covered:
The Import and Export of Cotton in Vietnam (2021-2024) Total Import Volume and Percentage Change of Cotton in Vietnam (2021-2024) Total Import Value and Percentage Change of Cotton in Vietnam (2021-2024) Total Import Volume and Percentage Change of Cotton in Vietnam (2024) Total Import Value and Percentage Change of Cotton in Vietnam (2024) Average Import Price of Cotton in Vietnam (2021-2024) Top 10 Sources of Cotton Imports in Vietnam and Their Supply Volume Top 10 Suppliers in the Import Market of Cotton in Vietnam and Their Supply Volume Top 10 Importers of Cotton in Vietnam and Their Import Volume How to Find Distributors and End Users of Cotton in Vietnam How Foreign Enterprises Enter the Cotton Market of Vietnam Forecast for the Import of Cotton in Vietnam (2024-2033)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $3.14 Billion |
| Forecasted Market Value (USD) by 2033 | $5.67 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Vietnam |
Key Topics Covered:
1 Overview of Vietnam
1.1 Geography of Vietnam
1.2 Economic Condition of Vietnam
1.3 Demographics of Vietnam
1.4 Domestic Market of Vietnam
1.5 Recommendations for Foreign Enterprises Entering the Vietnam Cotton Imports Market
2 Analysis of Cotton Imports in Vietnam (2021-2024)
2.1 Import Scale of Cotton in Vietnam
2.1.1 Import Value and Volume of Cotton in Vietnam
2.1.2 Import Prices of Cotton in Vietnam
2.1.3 Apparent Consumption of Cotton in Vietnam
2.1.4 Import Dependency of Cotton in Vietnam
2.2 Major Sources of Cotton Imports in Vietnam
3 Analysis of Major Sources of Cotton Imports in Vietnam (2021-2024)
3.1 United States
3.1.1 Analysis of Vietnam's Cotton Import Volume and Value from the United States
3.1.2 Analysis of Average Import Price
3.2 Australia
3.2.1 Analysis of Vietnam's Cotton Import Volume and Value from Australia
3.2.2 Analysis of Average Import Price
3.3 Brazil
3.3.1 Analysis of Vietnam's Cotton Import Volume and Value from Brazil
3.3.2 Analysis of Average Import Price
3.4 China
3.5 Singapore
3.6 India
4 Analysis of Major Suppliers in the Import Market of Cotton in Vietnam (2021-2024)
4.1 SUNRAY MACAO COMMERCIAL LIMITED
4.1.1 Company Introduction
4.1.2 Analysis of Cotton Exports to Vietnam
4.2 BROS MACAO COMMERCIAL OFFSHORE LIMITED
4.2.1 Company Introduction
4.2.2 Analysis of Cotton Exports to Vietnam
4.3 LOUIS DREYFUS COMPANY SUISSE S A
4.3.1 Company Introduction
4.3.2 Analysis of Cotton Exports to Vietnam
5 Analysis of Major Importers in the Import Market of Cotton in Vietnam (2021-2024)
5.1 BROTEX (VIETNAM) CO LTD
5.1.1 Company Introduction
5.1.2 Analysis of Cotton Imports
5.2 TEXHONG GALAXY
5.2.1 Company Introduction
5.2.2 Analysis of Cotton Imports
5.3 TEXHONG YINLONG TECHNOLOGY
5.3.1 Company Introduction
5.3.2 Analysis of Cotton Imports
6. Monthly Analysis of Cotton Imports in Vietnam from 2021 to 2024
6.1 Analysis of Monthly Import Value and Volume
6.2 Forecast of Monthly Average Import Prices
7. Key Factors Affecting Cotton Imports in Vietnam
7.1 Policy
7.1.1 Current Import Policies
7.1.2 Trend Predictions for Import Policies
7.2 Economic
7.2.1 Market Prices
7.2.2 Growth Trends of Cotton Production Capacity in Vietnam
7.3 Technology
8. Forecast for the Import of Cotton in Vietnam, 2024-2033
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Vietnamese Cotton Import Market
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