Vietnam: Abs Copolymers Market 2024

Abs Copolymers Market Size in Vietnam

The Vietnamese ABS copolymers market reduced sharply to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted resilient growth. Consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Abs Copolymers Production in Vietnam

In value terms, ABS copolymers production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Abs Copolymers Exports

Exports from Vietnam

In 2022, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exported from Vietnam skyrocketed to X tons, with an increase of X% compared with 2021. Overall, exports saw significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, ABS copolymers exports soared to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ABS copolymers exports from Vietnam, accounting for a X% share of total exports. Moreover, ABS copolymers exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Canada (X% per year).

In value terms, China ($X) remains the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Canada (X% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ABS copolymers export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Thailand ($X per ton), while the average price for exports to China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Vietnam

In 2022, after two years of growth, there was significant decline in overseas purchases of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, when their volume decreased by X% to X tons. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, ABS copolymers imports reduced to $X in 2022. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of ABS copolymers imports to Vietnam, together accounting for X% of total imports. China, Japan, Thailand and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Malaysia ($X) were the largest ABS copolymers suppliers to Vietnam, together accounting for X% of total imports. China, Japan, Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ABS copolymers import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for Malaysia ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform