Vietnam: Toothpaste Market 2022

Toothpaste Market Size in Vietnam

The Vietnamese toothpaste market skyrocketed to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Toothpaste consumption peaked in 2021 and is expected to retain growth in years to come.

Toothpaste Production in Vietnam

In value terms, toothpaste production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible slump. Toothpaste production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Toothpaste Exports

Exports from Vietnam

In 2021, exports of toothpaste, denture cleaners and other dentifrices from Vietnam was estimated at X tons, surging by X% against 2020 figures. Overall, exports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, toothpaste exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons), Ghana (X tons) and the Philippines (X tons) were the main destinations of toothpaste exports from Vietnam, with a combined X% share of total exports. South Africa, Hong Kong SAR, Mongolia, China, the United Arab Emirates, Kenya, Kazakhstan and Thailand lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for toothpaste exported from Vietnam were Ghana ($X), Myanmar ($X) and the Philippines ($X), with a combined X% share of total exports. These countries were followed by South Africa, the United Arab Emirates, Kenya, Thailand, Hong Kong SAR, China, Mongolia and Kazakhstan, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average toothpaste export price stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Toothpaste Imports

Imports into Vietnam

In 2021, the amount of toothpaste, denture cleaners and other dentifrices imported into Vietnam rose to X tons, with an increase of X% on 2020 figures. In general, imports saw prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, toothpaste imports reached $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest toothpaste supplier to Vietnam, with a X% share of total imports. Moreover, toothpaste imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of toothpaste to Vietnam, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2021, the average toothpaste import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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