Vietnam Apparel Retail Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Apparel Retail in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing. All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Vietnamese apparel retail industry had total revenues of $6.5 billion in 2021, representing a compound annual rate of change (CARC) of -0.2% between 2017 and 2021.
- Clothing, footwear, and accessories specialists account for the largest proportion of sales in the Vietnamese apparel retail industry in 2021, sales through this channel generated $3.3 billion, equivalent to 50.5% of the industry's overall value.
- One factor which has supported industry growth in recent years is the growing popularity of shopping online. Customers have been won over by the convenience, variety, and cheaper prices which online apparel retailers can offer, a trend which has been accelerated by the COVID-19 pandemic.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel retail market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in Vietnam
- Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam apparel retail market with five year forecasts
- What was the size of the Vietnam apparel retail market by value in 2021?
- What will be the size of the Vietnam apparel retail market in 2026?
- What factors are affecting the strength of competition in the Vietnam apparel retail market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's apparel retail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do leading players follow?
- 7.3. What are the strengths of leading players?
- 7.4. Are there any other players having an effect on the market?
- 8 Company Profiles
- 8.1. Fast Retailing Co Ltd
- 8.2. H & M Hennes & Mauritz AB
- 8.3. TNG Investment and Trading JSC
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Vietnam apparel retail industry value: $ million, 2016–21
- Table 2: Vietnam apparel retail industry category segmentation: % share, by value, 2016–2021
- Table 3: Vietnam apparel retail industry category segmentation: $ million, 2016-2021
- Table 4: Vietnam apparel retail industry geography segmentation: $ million, 2021
- Table 5: Vietnam apparel retail industry distribution: % share, by value, 2021
- Table 6: Vietnam apparel retail industry value forecast: $ million, 2021–26
- Table 7: Fast Retailing Co Ltd: key facts
- Table 8: Fast Retailing Co Ltd: Annual Financial Ratios
- Table 9: Fast Retailing Co Ltd: Key Employees
- Table 10: Fast Retailing Co Ltd: Key Employees Continued
- Table 11: Fast Retailing Co Ltd: Key Employees Continued
- Table 12: H & M Hennes & Mauritz AB: key facts
- Table 13: H & M Hennes & Mauritz AB: Annual Financial Ratios
- Table 14: H & M Hennes & Mauritz AB: Key Employees
- Table 15: H & M Hennes & Mauritz AB: Key Employees Continued
- Table 16: TNG Investment and Trading JSC: key facts
- Table 17: TNG Investment and Trading JSC: Annual Financial Ratios
- Table 18: TNG Investment and Trading JSC: Key Employees
- Table 19: Vietnam size of population (million), 2017–21
- Table 20: Vietnam gdp (constant 2005 prices, $ billion), 2017–21
- Table 21: Vietnam gdp (current prices, $ billion), 2017–21
- Table 22: Vietnam inflation, 2017–21
- Table 23: Vietnam consumer price index (absolute), 2017–21
- Table 24: Vietnam exchange rate, 2017–21
- List of Figures
- Figure 1: Vietnam apparel retail industry value: $ million, 2016–21
- Figure 2: Vietnam apparel retail industry category segmentation: $ million, 2016-2021
- Figure 3: Vietnam apparel retail industry geography segmentation: % share, by value, 2021
- Figure 4: Vietnam apparel retail industry distribution: % share, by value, 2021
- Figure 5: Vietnam apparel retail industry value forecast: $ million, 2021–26
- Figure 6: Forces driving competition in the apparel retail industry in Vietnam, 2021
- Figure 7: Drivers of buyer power in the apparel retail industry in Vietnam, 2021
- Figure 8: Drivers of supplier power in the apparel retail industry in Vietnam, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Vietnam, 2021
- Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Vietnam, 2021
- Figure 11: Drivers of degree of rivalry in the apparel retail industry in Vietnam, 2021
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