Vietnam: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Vietnam

In 2022, the Vietnamese walking-sticks and whips market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a dramatic slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Walking-Sticks And Whips Production in Vietnam

In value terms, walking-sticks and whips production rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Walking-Sticks And Whips Exports

Exports from Vietnam

In 2022, overseas shipments of walking-sticks, seat-sticks, whips and riding-crops increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, walking-sticks and whips exports skyrocketed to $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for walking-sticks and whips exports from Vietnam, accounting for a X% share of total exports. It was followed by Germany (X units), with a X% share of total exports. Australia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks, seat-sticks, whips and riding-crops exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Australia (X% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced a decline.

Walking-Sticks And Whips Imports

Imports into Vietnam

In 2022, purchases abroad of walking-sticks, seat-sticks, whips and riding-crops increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, walking-sticks and whips imports soared to $X in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main walking-sticks and whips supplier to Vietnam, with a X% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks, seat-sticks, whips and riding-crops to Vietnam, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and France (X% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, recorded mild growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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