Report Update: Apr 1, 2024

Vietnam - Esters Of Acrylic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Acrylic Acid Esters Price in Vietnam - 2021

Acrylic Acid Esters Price in Vietnam (CIF) - 2022

In 2022, the average acrylic acid esters import price amounted to $1,849 per ton, shrinking by -18.3% against the previous year. Overall, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 65% against the previous year. As a result, import price reached the peak level of $2,262 per ton, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($2,191 per ton), while the price for Indonesia ($1,279 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.8%), while the prices for the other major suppliers experienced a decline.

Acrylic Acid Esters Price in Vietnam (FOB) - 2022

The average acrylic acid esters export price stood at $1,500 per ton in 2022, approximately mirroring the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 6.7% against the previous year. Over the period under review, the average export prices hit record highs at $2,677 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($17,736 per ton), while the average price for exports to Thailand ($939 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+38.5%), while the prices for the other major destinations experienced a decline.

Acrylic Acid Esters Imports in Vietnam

In 2022, approx. 33K tons of esters of acrylic acid were imported into Vietnam; with a decrease of -6.9% compared with 2021 figures. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 35K tons, and then contracted in the following year.

In value terms, acrylic acid esters imports shrank markedly to $60M in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $79M, and then dropped sharply in the following year.

Import of Acrylic Acid Esters in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	16.4	14.7	27.3	19.7	6.3%
Malaysia	11.1	9.0	22.6	16.9	15.0%
Taiwan (Chinese)	6.8	6.0	8.3	6.2	-3.0%
South Korea	6.7	4.9	8.1	5.3	-7.5%
United States	0.9	1.3	3.7	4.2	67.1%
Saudi Arabia	0.4	0.2	3.1	2.3	79.2%
Indonesia	2.1	1.2	1.1	1.1	-19.4%
Others	3.7	4.1	5.2	4.6	7.5%
Total	48.2	41.4	79.4	60.4	7.8%

Top Suppliers of Acrylic Acid Esters to Vietnam in 2022:

China (13.2K tons)
Malaysia (7.7K tons)
Taiwan (Chinese) (3.7K tons)
United States (2.9K tons)
South Korea (2.6K tons)
Saudi Arabia (1.1K tons)
Indonesia (0.8K tons)

Acrylic Acid Esters Exports in Vietnam

In 2022, after two years of decline, there was significant growth in overseas shipments of esters of acrylic acid, when their volume increased by 24% to 27 tons. Over the period under review, exports, however, continue to indicate a deep downturn.

In value terms, acrylic acid esters exports surged to $40K in 2022. In general, exports, however, continue to indicate a abrupt contraction.

Export of Acrylic Acid Esters in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	40.3	24.3	18.4	22.7	-17.4%
China	2.2	15.6	11.8	14.5	87.5%
Malaysia	8.1	2.5	0.8	2.3	-34.3%
South Korea	11.8	3.6	1.7	0.8	-59.2%
Singapore	N/A	1.9	N/A	N/A	0%
Others	N/A	N/A	0.2	N/A	0%
Total	62.5	47.9	32.9	40.4	-13.5%

Top Export Markets for Acrylic Acid Esters from Vietnam in 2022:

Thailand (24.2 tons)
Malaysia (1.4 tons)
China (0.8 tons)
South Korea (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the acrylic acid esters market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143320 - Esters of acrylic acid

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023