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Apparel market in vietnam

Core country: data based on in-depth analysis.

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Reading Support The Apparel market is expected to show a revenue growth of 8. The "Average Revenue per Capita" box shows the average market value of the selected market market segment, region per person in US dollars for each year. While Greater China almost overtakes the U. For companies it is crucial to prepare plans to address a possible transformation of global value chains emerging by new opportunities from global consumer spending shifting towards emerging economies as well as trade tensions and uncertainties.

A leverage point could be to take a strong position on social and environmental issues, as this is very much demanded by the younger generation.

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The distribution channel Online refers to the purchase of physical goods in online retail. In other words, the purchase is concluded via the internet - on a desktop PC, tablet or smartphone.

The distribution channel Offline covers all purchases in stationary stores, via telesale or mailorder e. The Luxury Revenue Share box shows the percentage of the selected market market segment, region that is attributable to sales of personal luxury goods.

The corresponding luxury figures can be found in the Luxury Goods market. Reading Support The market for Apparel is expected to show a volume growth of 3. Reading Support The average volume per person in the market for Apparel amounts to The "Average Volume per Capita" box shows the average volume of the selected market market segment, region per person for each year. The "Price per Unit" box shows the average retail value per unit in the selected market market segment, region in US dollars for each year.

The following Key Market Indicators give an overview of the demographic, economic and technological development of the selected region on the basis of general KPIs. The Apparel market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts.

We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Apparel industry. For the Apparel market, our analysts create reports with detailed comparisons and important background information. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. Here you can find more studies and statistics about "Apparel".The major factors driving the growth of the market are growing textile exports to EU, the United States, Japan, and South Korea and low labor costs in the industry.

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Vietnam is among the top textile producing nations in the world. The country is also the third-largest garment exporter, with major exporting destinations including the United States, EU, Japan, and South Korea. The top export destinations for apparel are China and Bangladesh.

The United States is the largest export destination followed by Europe. The country sets an annual export target of USD 35 billion for In the first-quarter ofthe garment export turnover of the country reached nearly USD 8 billion. The continuous increase in exports from the country is likely to drive the overall textile market. Historically, the United States was the largest importer of Vietnamese textiles and garments, followed by Europe, which has led to a rapid development of the Vietnamese textile and garment industry.

Revenue generated from garment and textile exports in Vietnam has increased 3. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.

Looking to buy the report? Description Table Of Contents. Please connect with our representative, who will ensure you to get a report that suits your needs. Download Free Sample Now.

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Our clients include:. Looking to Customize Report? JOIN US We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.Read More. Therefore, over the review period, consumers were increasingly willing An increasing number of consumers are showing greater interest in using hosiery to mix with other items of clothing to convey their fashion style and personality.

Brands are also introducing a wide Local consumers can easily access these products and have a greater choice as unbranded and counterfeit jeans are sold widely across Vietnam, offering very low prices as well as diversified designs and materials. In response, the Vietnamese Government began to promote the importance of daily exercise and a healthy diet. Therefore, an increasing number of consumers are becoming aware This trend is highlighted by rising demand for premium jeans, which This can also be attributed to rising disposable incomes and improving living standards in the country.

In terms of supply, players have taken advantage of rising consumer demand for childrenswear by concentrating on expanding their In addition, demand for sportswear As such, wearable electronics is proving a popular option for these consumers. Market value is at prices in retailers including sales tax. Accordingly, outside of frequently improving its technology and new product developments, the company continues to expand its nationwide distribution network, as well as non-store channels, in response to high demand in The report focuses in particular on clothing imports, consumer expenditure and trends in five key emerging markets, namely Egypt, India, Mexico, Qatar and Vietnam.

apparel market in vietnam

World clothing It concentrates on goods totally or partly made of leather, but does include products using imitation leather and alternative Filter your search. Price USD :. Search Close.

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Research Assistance US: Join Alert Me Now! Receive bi-weekly email alerts on new research Sign Up.If you purchase a report that is updated in the next 60 dayswe will send you the new edition and data extract FREE! Apparel accessories continues to post healthy value and volume growth in Vietnam, despite tough competition from unbranded and counterfeit products.

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This can be partly attributed to rising disposable incomes, resulting in higher living standards. As a result of such developments, the number of multinational companies entering the country is rising strongly.

Vietnamese textile and apparel industry moving towards US$50 billion by 2020

Hats and caps also performed well inposting healthy current value growth, partly thanks to the expanding tourism industry. According to the Ministry of Tourism, Unbranded and counterfeit products continue to pose a problem for branded players due to their lower prices and increasing resemblance to branded products in Vietnam.

In addition, such products are widely available, including via traditional markets, street vendors, local small stores and social media sites such as Facebook. Inditex continues to lead apparel accessories sales in Vietnam due to the widespread popularity of its Zara brand, which is expanding throughout the country and gaining value share.

Sales via e-commerce continue to rise at the expense of traditional stores in line with rising internet usage and demand for convenience. In addition, e-commerce players also often offer free shipping fees and special deals in order to attract consumers. Files are delivered directly into your account within a few minutes of purchase. Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats.

Retailing in Vietnam

Inform your marketing, brand, strategy and market development, sales and supply functions. Discover the latest market trends and uncover sources of future market growth for the Apparel Accessories industry in Vietnam with research from Euromonitor's team of in-country analysts. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Apparel Accessories industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions. Want to find out more about this report? Our site uses cookies to improve functionality. Continue if you are happy with this or learn how to manage cookies by clicking here.If you purchase a report that is updated in the next 60 dayswe will send you the new edition and data extract FREE!

Vietnam is seeing ongoing urbanisation and evolving demand trends amongst young urban consumers drive strong growth in modern retailing channels such as convenience stores, as well as the rapid expansion of e-commerce. Indeed, the growing influence of such factors can be seen in the emergence of formats such as mini supermarkets, which target demand for grocery shopping that fits into the flow of busy urban lifestyles.

The behaviour of young urban consumers exerted a growing influence on the development of retailing in Vietnam in Increasingly distanced from traditional lifestyles, faced with the pressure of hectic urban living and increasingly influenced by social media, young consumers drove growth across a number of areas of retailing. E-commerce continued to grow strongly in Vietnam in The channel benefited from the rising demand for convenience amongst busy young urban consumers, rising smartphone ownership, and the development of electronic payment options, as well as the ongoing expansion and diversification of the product offer beyond core categories such as consumer electronics, and apparel and footwear.

The highly rural character of the Vietnamese population helps to maintain the strong role of traditional independent retailers and presents considerable challenges for chained players in terms of reaching consumers.

Ongoing urbanisation is set to play an important role in driving growth in the Vietnamese retailing market overas it brings more consumers into contact with modern retailing formats, undermines traditional behaviours and creates busy lifestyles that magnify the value of convenience.

Moreover, rising consumer purchasing power is set to diversify the character of demand, as well as driving an upmarket trend across many product categories. Files are delivered directly into your account within a few minutes of purchase. Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats.

Inform your marketing, brand, strategy and market development, sales and supply functions. Delivery: Files are delivered directly into your account within a few minutes of purchase. Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Vietnam with research from Euromonitor's team of in-country analysts. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Retailing industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions.

When you purchase this report, you also get the data and the content from these category reports in Vietnam for free:. This industry report originates from Passport, our Retailing market research database. Our site uses cookies to improve functionality. Continue if you are happy with this or learn how to manage cookies by clicking here. Add to cart Pay by invoice Added to Cart. New Report Guarantee If you purchase a report that is updated in the next 60 dayswe will send you the new edition and data extract FREE!Core country: data based on in-depth analysis.

Reading Support The Apparel segment is expected to show a revenue growth of 9. Reading Support In the Apparel segment, the number of users is expected to amount to Reading Support User penetration in the Apparel segment is at The distribution channel Online refers to the purchase of physical goods in online retail. In other words, the purchase is concluded via the internet - on a desktop PC, tablet or smartphone.

The distribution channel Offline covers all purchases in stationary stores, via telesale or mailorder e. The following boxes show the top 5 online stores by eCommerce net sales first party sales in the Apparel segment. Data basis for net sales and market share are company surveys, annual reports and a complex sales forecast model developed by Statista.

apparel market in vietnam

Reading Support In the year a share of The Users by age box shows the age distribution of users of the selected market market segment, region in age groups. The data is based on Statista's Global Consumer Survey. The Users by gender box shows the gender distribution of users of the selected market market segment, region. The Users by income box shows the income distribution of users of the selected market market segment, region in tertiles.

Values shown are only based on survey respondents who answered the question regarding their income. Reading Support With a rate of The following Key Market Indicators give an overview of the demographic, economic and technological development of the selected region on the basis of general KPIs.

For the Apparel market, our analysts create reports with detailed comparisons and important background information. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. Here you can find more studies and statistics about "Apparel".Core country: data based on in-depth analysis. Reading Support The Women's Apparel segment is expected to show a revenue growth of 9.

The "Average Revenue per Capita" box shows the average market value of the selected market market segment, region per person in US dollars for each year. Reading Support In the segment for Women's Apparel, volume is expected to amount to Reading Support The segment for Women's Apparel is expected to show a volume growth of 3.

Reading Support The average volume per person in the segment for Women's Apparel amounts to 4. The "Average Volume per Capita" box shows the average volume of the selected market market segment, region per person for each year.

The "Price per Unit" box shows the average retail value per unit in the selected market market segment, region in US dollars for each year. The following Key Market Indicators give an overview of the demographic, economic and technological development of the selected region on the basis of general KPIs. The Women's Apparel market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts.

We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Women's Apparel industry. For the Women's Apparel market, our analysts create reports with detailed comparisons and important background information.

Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe.

Vietnam Apparel

Here you can find more studies and statistics about "Women's Apparel". Discover other market segments and categories related to your topic. Full access to the Expert Tools are exclusively available with the Corporate Account. The data source is specified individually for each data set.

You can find the source in the data box in the lower left corner. You can find further source information in the methodology section.

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apparel market in vietnam

Please see our privacy statement for details about how we use data. Single Accounts Corporate Solutions Universities. Popular Statistics Topics Markets Reports. Market directory Market Women's Apparel. Location Vietnam.