Vietnam has become the first choice for many foreign direct investment (FDI) companies due to its unique geographical location, abundant labor resources and competitive labor costs. With the continuous development of Vietnam's economy, Vietnam's Knitted Socks industry is also growing. According to the publisher's analysis, the Vietnamese government is also actively promoting the development of the textile and garment industry and increasing investment support for the textile and garment industry. As a result, the production capacity, output and export volume of Knitted Socks in Vietnam are constantly increasing.
According to the publisher's data, the total export value of Vietnam's Knitted Socks reached US$301 million in 2023, and the export value of Vietnam's Knitted Socks from January to November 2024 was close to US$328 million. It is expected that the market demand for knitted socks will further expand in the next few years.
According to the publisher's analysis, the United States, Japan, South Korea, China, the Netherlands, Australia and Singapore are currently the main export destinations for Vietnamese knitted socks. Among them, the United States and Japan are the main export markets for Vietnamese knitted socks, followed by countries and regions such as Hong Kong, China and the Netherlands. The top three export destinations for Vietnamese knitted socks from 2021 to 2024 are the United States, Japan and South Korea.
The main companies importing this product to Vietnam include ZHEJIANG JASAN HOLDING GROUP CO LTD, SUNGHWA TRADING CO LTD, DELTA GALIL INDUSTRIES LTD and other companies. Vietnamese knitted socks are mostly used for international exports when meeting the local market. Most of their exporters are local knitted socks manufacturers, and some are subsidiaries of international manufacturers and distributors in Vietnam. The main exporters of Vietnamese knitted socks include JSVN, CTY TNHH DỆT G R VINA, SUNG HWA VINA CO LTD and other companies.
Overall, Vietnam has become the world's third largest textile producer and exporter with its low labor costs and favorable trade environment and policies. Knitted socks, as an indispensable part of it, also occupy a very important position in the international export market. In recent years, Vietnam's knitted socks exports have grown steadily, and are mainly exported to the United States, Japan, South Korea and other countries. With technological progress and optimization of production processes, Vietnam is expected to occupy a more important position in the global socks market.
The publisher recommends that companies related to the clothing industry chain should conduct research on the Vietnamese market as soon as possible to prepare for a better layout in the Vietnamese and Southeast Asian markets.
Topics covered:
- The Import and Export of Knitted Socks in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Knitted Socks in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Knitted Socks in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Knitted Socks in Vietnam (January-November 2024)
- Total Export Value and Percentage Change of Knitted Socks in Vietnam (January-November 2024)
- Average Export Price of Knitted Socks in Vietnam (2021-2024)
- Top 10 Export Destinations and Supply Volume of Vietnam’s Knitted Socks Export Market
- Top 10 Suppliers in the Export Market of Knitted Socks in Vietnam and Their Supply Volume
- Top 10 Buyers of Knitted Socks in Vietnam and Their Import Volumes
- How to Find International Distributors and International End Users of Knitted Socks Exports in Vietnam
- How Foreign Enterprises Enter the Knitted Socks Market of Vietnam
- Forecast for the Export of Knitted Socks in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- Zhejiang Jasan Holding Group Co Ltd.
- Sunghwa Trading Co Ltd.
- Delta Galil Industries Ltd.
- Jsvn
- Cty Tnhh Dệt G R Vina
- Sung Hwa Vina Co Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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