Product Code: ETC073849 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The embroidery market in Vietnam has experienced steady growth over the years, driven by the country`s rich textile heritage and the cultural significance of embroidery. Embroidery, the art of decorating fabric with intricate needlework, holds a special place in Vietnamese culture and tradition. It is widely used in crafting traditional clothing, such as ao dai (Vietnamese long dresses), as well as in home decor items, handicrafts, and accessories. The market has seen a surge in demand as both domestic and international consumers appreciate the craftsmanship and uniqueness of embroidered products. Moreover, Vietnam emergence as a key player in the global textile and garment industry has further boosted the growth of the embroidery market.
Several factors act as drivers for the growth of the embroidery market in Vietnam. Firstly, the country`s skilled workforce and long-standing embroidery traditions have positioned it as a hub for high-quality embroidered products. Vietnamese artisans are known for their intricate designs and attention to detail, attracting both local and international customers. Secondly, the popularity of handmade and artisanal products has been on the rise, with consumers valuing the craftsmanship and authenticity of embroidered items. Additionally, the growth of the tourism industry in Vietnam has led to an increase in demand for souvenirs and traditional handicrafts, including embroidered products, as travelers seek unique and culturally significant keepsakes.
Despite the positive growth trends, the Vietnam embroidery market also faces challenges. One of the significant challenges is the competition from machine-embroidered products, which are often cheaper and produced at a faster rate. The availability of machine-embroidered items, especially in mass-produced clothing and accessories, can impact the demand for handmade embroidered products. Artisans and embroidery businesses must differentiate their offerings and emphasize the value of handmade craftsmanship to compete in the market. Additionally, fluctuations in the prices of raw materials, such as threads and fabrics, can affect production costs, posing challenges for maintaining price competitiveness.
The Covid-19 pandemic had a significant impact on the embroidery market in Vietnam. During lockdowns and restrictions, retail stores selling embroidered products faced temporary closures, leading to a decline in sales. Moreover, disruptions in supply chains and logistics affected the sourcing of raw materials, causing delays in production and fulfillment of orders. However, as people spent more time at home, there was a growing interest in crafting and DIY projects, leading to an increase in online sales of embroidery kits and materials. The pandemic also highlighted the significance of supporting local artisans and businesses, with consumers showing a preference for handmade and locally sourced products.In conclusion, the Vietnam embroidery market has thrived due to the country`s rich textile heritage and skilled artisans. The demand for handmade and authentic embroidered products, coupled with the growth of the tourism industry, has been driving market growth. However, the market faces challenges from machine-embroidered alternatives and fluctuations in raw material prices. Key players in the market, both small-scale artisans and larger companies, focus on creativity and sustainability to differentiate their offerings. The Covid-19 pandemic brought disruptions to the market but also emphasized the importance of supporting local businesses and the growing interest in DIY and handmade crafts.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Embroidery Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Embroidery Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Embroidery Market - Industry Life Cycle |
3.4 Vietnam Embroidery Market - Porter's Five Forces |
3.5 Vietnam Embroidery Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Embroidery Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Vietnam Embroidery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Embroidery Market Trends |
6 Vietnam Embroidery Market, By Types |
6.1 Vietnam Embroidery Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Embroidery Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Embroidery Market Revenues & Volume, By Surface Embroidery, 2021-2031F |
6.1.4 Vietnam Embroidery Market Revenues & Volume, By Counted Embroidery, 2021-2031F |
6.1.5 Vietnam Embroidery Market Revenues & Volume, By Needlepoint, 2021-2031F |
6.2 Vietnam Embroidery Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Embroidery Market Revenues & Volume, By Caps, 2021-2031F |
6.2.3 Vietnam Embroidery Market Revenues & Volume, By Coats, 2021-2031F |
6.2.4 Vietnam Embroidery Market Revenues & Volume, By Blankets, 2021-2031F |
6.2.5 Vietnam Embroidery Market Revenues & Volume, By Dress Shirts, 2021-2031F |
6.2.6 Vietnam Embroidery Market Revenues & Volume, By Denim, 2021-2031F |
6.2.7 Vietnam Embroidery Market Revenues & Volume, By Dresses, 2021-2031F |
7 Vietnam Embroidery Market Import-Export Trade Statistics |
7.1 Vietnam Embroidery Market Export to Major Countries |
7.2 Vietnam Embroidery Market Imports from Major Countries |
8 Vietnam Embroidery Market Key Performance Indicators |
9 Vietnam Embroidery Market - Opportunity Assessment |
9.1 Vietnam Embroidery Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Embroidery Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Vietnam Embroidery Market - Competitive Landscape |
10.1 Vietnam Embroidery Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Embroidery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |