Vietnam : Export of sleepwear attains greater heights in May

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Export of sleepwear attains greater heights in May

24
Jul '08

Ministry of Industry and Trade (MOIT), studied marvelous rise in export of sleep wears in terms of value, which was low during first two months of the year 2008, but attained a strong growth in May.

The available figures represent a rise of 44 percent over April 2008 and 88.5 percent compared to similar period last year.

The country exported sleep wears worth US $35.2 million, in first five months of this year, which shows growth of 62 percent year-on-year. MOIT further informs, that US market has been the biggest consumer of Made-in-Vietnam sleepwear, by acquiring 73.9 percent of exports worth $26 million and thus leads to 90.7 percent growth on-year.

A point is worth noting that sleep wears exports to the Japanese market witnessed a strong growth. The country absorbed sleepwear worth $2.1 million, showcasing a rise of 11.7 percent. Where as European Union shows disparity, with consumption worth with $3.9 million, a sharp reduction of 32.9 percent.

Average price quoted for the sleep wear in this month was $2.37 per set, (FOB), up by 29.5 percent when compared with last time.

While for the US market, in the month of May, price for sleep wear stood at $ 4.19 per set; and for first five months of the on going year it was quoted at $4.2 per unit; illustrating a rise of 39 and 27 percent respectively.

The average export price for Japan was $4.05 per set depicting an increase of 9.5 percent.

Fibre2fashion News Desk - Vietnam

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