Report Update: May 1, 2024

Vietnam - Polishes For Coachwork - Market Analysis, Forecast, Size, Trends And Insights

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Polishes for Coachwork Price in Vietnam - 2022

Polishes for Coachwork Price in Vietnam (CIF) - 2022

In 2022, the average polishes for coachwork import price amounted to $7,839 per ton, declining by -3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. The import price peaked at $8,085 per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,984 per ton), while the price for Hong Kong SAR ($5,004 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Polishes for Coachwork Price in Vietnam (FOB) - 2022

The average polishes for coachwork export price stood at $7,461 per ton in 2022, remaining stable against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork export price decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 85% against the previous year. As a result, the export price reached the peak level of $7,681 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($30,392 per ton), while the average price for exports to the United Arab Emirates ($5,706 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 Austria (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes for Coachwork Imports in Vietnam

In 2022, overseas purchases of polishes for coachwork decreased by -15% to 143 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, imports attained the peak of 168 tons, and then declined notably in the following year.

In value terms, polishes for coachwork imports dropped remarkably to $1.1M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. As a result, imports attained the peak of $1.4M, and then shrank rapidly in the following year.

Import of Polishes for Coachwork in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	23.0	27.6	69.5	250	121.5%
United States	241	191	300	233	-1.1%
South Korea	102	68.4	288	148	13.2%
Singapore	7.0	182	208	132	166.2%
Germany	85.4	91.6	62.1	87.3	0.7%
Thailand	18.5	59.0	111	74.1	58.8%
United Kingdom	31.2	34.0	75.3	53.5	19.7%
Japan	71.9	78.1	59.6	38.7	-18.7%
Malaysia	81.6	99.3	80.8	37.5	-22.8%
Others	60.4	47.8	103	63.4	1.6%
Total	722	878	1,357	1,117	15.7%

Top Suppliers of Polishes for Coachwork to Vietnam in 2022:

China (46.1 tons)
South Korea (24.2 tons)
United States (21.1 tons)
Singapore (13.4 tons)
United Kingdom (9.5 tons)
Germany (7.3 tons)
Thailand (7.0 tons)
Japan (4.6 tons)
Malaysia (3.7 tons)

Polishes for Coachwork Exports in Vietnam

In 2022, exports of polishes for coachwork from Vietnam reduced rapidly to 6.7 tons, waning by -39.7% against the previous year's figure. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 385% against the previous year. As a result, the exports reached the peak of 11 tons, and then shrank remarkably in the following year.

In value terms, polishes for coachwork exports fell notably to $50K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 368%. As a result, the exports reached the peak of $82K, and then shrank remarkably in the following year.

Export of Polishes for Coachwork in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	7.5	7.9	40.5	28.9	56.8%
Belgium	N/A	N/A	N/A	10.4	0%
Austria	2.1	2.7	5.3	4.0	24.0%
United Arab Emirates	0.9	2.1	3.6	2.5	40.6%
Thailand	2.5	0.9	1.6	1.2	-21.7%
Singapore	0.4	0.6	1.0	0.7	20.5%
Sri Lanka	N/A	N/A	17.5	N/A	0%
Lao People's Democratic Republic	2.4	N/A	N/A	N/A	0%
Others	2.6	3.4	12.8	2.1	-6.9%
Total	18.5	17.6	82.2	49.9	39.2%

Top Export Markets for Polishes for Coachwork from Vietnam in 2022:

Japan (4635.0 kg)
Belgium (987.0 kg)
United Arab Emirates (446.0 kg)
Thailand (168.0 kg)
Austria (130.0 kg)
Singapore (107.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polishes for coachwork 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 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)

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