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Import of fibre mounts up

Sep '08
Available statistics show that Vietnam has imported 33,700 tons of fibre in July this year, expending US $67.7 million showing rise of 17.1 percent in quantity and 15.7 percent in value over previous months.

During these seven month of the ongoing year, around 236,600 tons of fibres were imported for $465.5 million showing an increase of 0.4 percent in term of volume and 13.4 percent in value year-on-year.

The country mainly imported fibre from nations like Taiwan, Korea and China.

Import from Taiwan reached up to 12,500 tons worth $23.4 million in July, rising 20.4 and 21.4 percent in terms of both volume and value. In all, over a period of 7 month, Vietnam imported 100,800 tons of fibre, depicting a decrease of 9.2 percent in volume from Taiwan. The country had spent almost $23.4 million, a surge of 2.3 percent in value over similar period 2007.

In July this year, imports of fibre from China reached 5,800 tons rose by 36.1 and 59.4 percent over June and same period 2007. The import value from this market touched $12.5 million in July and $77.5 million over seven months rising 42 percent, year–on–year.

Vietnam also imported 3,400 tons of fibre from Korea, worth $7.6 million, witnessed a growth of 32.7 and 27.9 percent in terms of quantity and value over previous months.

During this period, unit price for imported fibre from these key markets has seen a considerable rise. The prices were quoted at $2.572 from previous $1.572, demonstrating a growth of 12.9 percent on average over same period 2007.

Fibre2fashion News Desk - Vietnam

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