Vietnam : Demand for swimwear soars this year

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Home / Knowledge / News / Apparel/Garments / Demand for swimwear soars this year

Demand for swimwear soars this year

13
Sep '08

According to General Statistics Office, in July 2008, Vietnam earned nearly US $1.19 million by exporting almost 305,600 sets of swim suits to various nations. This shows a slight rise of 7.4 percent in terms of quantity and 15.3 percent increase value wise, when compared to previous month and 85.9 percent and 27.7 percent annual hike respectively.

In the first seven months, Vietnam exported around 7.8 million sets of swimwear, a rise of over 178 percent, when compared to same time of 2007. The export earnings touched approximately $35.2 million, experiencing a boost of 70.4 percent, in comparison to January to July 2007.

During this period, the export of swimming costume to US market soared up to 222.9 percent in volume. Nearly 5.9 million sets were shipped to fetch almost $27.9 million, growing 114.4 percent over January to July of last year. The export of swimwear has contributed 79.2 percent to the total overseas earnings made by Vietnam by exporting various products to US.

In EU market, Vietnam exported around 1.2 million set of swimming suit, with annual hike of 137 percent, when compared to first seven month of 2007. The nation fetched nearly $4.5 million of foreign currency, observing a year-on-year growth of 28.2 percent.

Within the EU, export turnover in markets like Germany, Italy, Spain, and France increased substantially. The demand from Germany increased almost 82 percent, as a result Vietnam exported around 40,700 sets. It helped nation earn nearly $1.8 million, a year-on-year rise of 21.4 percent.

The export of swimming costume to Italy also grew as Vietnam earned approximately $1.26 million, boosting 844 percent, by shipping nearly 49,400 pairs to various markets, a rise of 173 percent when compared to first seven months of 2007.

Vietnam shipped around 29,600 sets of swimwear, marking a slight increase of 23.7 percent and gained nearly $1.48 million, a drop of 15.5 percent when compared to January to July of last year.

The average export price unit of swimming costume in first seven months of 2008 sharply decreased to 38.7 percent and came around $4.52 per piece, Freight on Board (FOB).

In July, the export price to US market was $4.72 per set, FOB, declining 8.5 percent compared to June. The average price from January to July was $4.68 per pair.

The price unit in Germany soared 15.3 percent to be $4.05 per garment, FOB over June, however, fell 26 percent compared to July 2007 and touched $4.42 per costume.

In first seven months of 2008, nearly 70 enterprises exported swim wear and three more foreign countries were explored by the entrepreneurs in comparison to last year.

Fibre2fashion News Desk - Vietnam

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