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Export of fiber products tends to increase

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In recent years, fiber exports have tended to increase, contributing significantly to the national economy. This not only reflects the development of the textile industry but also brings great opportunities for businesses to participate in the international market. With the increase in global demand and efforts to improve production technology, this industry seems to be entering a new phase of development, promising vast potential in the future.

Fiber industry in Vietnam

The fiber industry in Vietnam has grown strongly in recent years, making an important contribution to the national economy and being one of the country’s strategic export sectors. With a diversity of types and products, this industry not only meets domestic needs but is also highly competitive in the international market.

Scale and main characteristics of the fiber industry

The fiber industry in Vietnam currently includes many medium to large-scale manufacturing enterprises, scattered across provinces and cities nationwide. Fiber factories are often concentrated in large industrial areas such as Bac Ninh, Ha Nam, Dong Nai and Binh Duong.

The main feature of this industry is the diversity of product types, from natural fibers such as cotton and linen to synthetic fibers such as polyester and nylon. Fiber products are processed into short fibers, long fibers, flax fibers, silk fibers, wool fibers… to serve the production needs of the garment, textile, and industrial industries. chemicals, construction materials and household goods.

Types of fibers

The main types of fibers produced and exported from Vietnam include:

Cotton fiber: Accounting for a large proportion of fiber production in Vietnam, cotton fiber is often used to produce knitted fabrics and nonwoven fabrics.

Polyester fiber: This is a popular synthetic fiber, with good abrasion resistance and good shape retention, often used in the production of clothes, mattresses and other consumer goods.

Nylon fiber: Also a popular synthetic fiber, with high durability and good elasticity, often used in high-end textile products.

Flax fiber: A natural fiber from the flax plant, with good hygroscopic and moisture-wicking properties, often used in the production of linen fabric and high-end fashion products.

In 2023, fiber production in Vietnam will reach about 3 million tons, of which cotton fiber accounts for more than 60% of total output.
Vietnam’s fiber export value in 2023 will reach about 5.2 billion USD, up 15% compared to 2022, mainly thanks to increased demand from main export markets such as the US, EU and Southeast Asian countries.
The fiber industry in Vietnam is not only growing strongly but also has great potential to expand exports and meet the growing demand of the international market.

In recent years, fiber exports have tended to increase globally. According to statistics, in 2023, the total value of fiber exports from major producing countries such as China, India and Bangladesh has reached a record high, contributing to the development of the textile industry. global sewing. Export promotion policies and increased demand from major consumer markets such as Asia and North America have promoted the increase in output and export value of this industry. This trend is expected to continue in the near future, bringing many opportunities and challenges to businesses operating in the fiber sector globally.

In recent years, Vietnam’s fiber industry has witnessed strong development. Domestic fiber production not only meets domestic demand but also increases strongly in the export sector. According to data from the General Department of Vietnam Customs, in 2023, Vietnam’s fiber exports will reach about 4.5 million tons, an increase of 12% over the previous year. In particular, key markets such as China, Korea, Japan and the US have continued to increase fiber imports from Vietnam.

Globally, the fiber market is also growing rapidly. Demand for high-quality fibers is increasing due to the growth of the textile industry and growing interest in sustainable fashion products. According to a report by the World Textile and Apparel Association (IWTO), in 2023, the total global fiber export volume will reach 35 million tons, an increase of 10% over the previous year.

The main reasons for this rising trend include the increase in global demand for textile and fashion products, technological improvements in fiber production that help improve product quality, as well as such as supportive policies from foreign governments to promote exports. In addition, the trend of sustainable consumption also pushes textile and garment businesses to switch to using recycled fibers and fibers of natural origin, contributing to increasing demand for this type of goods. .

The growth trend of fiber exports is not only a great opportunity for businesses but also an important factor contributing to the comprehensive economic development of a country. To maximize the benefits from this trend, supportive policies, investment in research and development and improved management will play an important role in shaping the future of the fiber industry in the world. international markets.

With competitive advantages and development potential, nothing prevents the fiber industry from asserting its position in the global economy in the near future.

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