Vietnam: Saturated Acyclic Hydrocarbons Market 2023

Saturated Acyclic Hydrocarbons Market Size in Vietnam

The Vietnamese saturated acyclic hydrocarbons market skyrocketed to $X in 2021, surging by 477% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Saturated Acyclic Hydrocarbons Exports

Exports from Vietnam

In 2021, saturated acyclic hydrocarbons exports from Vietnam soared to X tons, with an increase of 73% against the year before. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 3,813% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, saturated acyclic hydrocarbons exports amounted to $X in 2021. In general, exports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2013 with an increase of 3,961%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cambodia (X tons) was the main destination for saturated acyclic hydrocarbons exports from Vietnam, with a 99% share of total exports. It was followed by Thailand (X tons), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia totaled +84.6%.

In value terms, Cambodia ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Vietnam, comprising 99% of total exports. The second position in the ranking was taken by Thailand ($X), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cambodia amounted to +16.5%.

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2021, with a decrease of -42.3% against the previous year. Over the period under review, the export price continues to indicate a sharp setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 3.8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (-32.9%), while the prices for the other major destinations experienced a decline.

Saturated Acyclic Hydrocarbons Imports

Imports into Vietnam

In 2021, the amount of saturated acyclic hydrocarbons imported into Vietnam surged to X tons, growing by 644% compared with the previous year's figure. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, saturated acyclic hydrocarbons imports skyrocketed to $X in 2021. In general, imports posted a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 438%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the main supplier of saturated acyclic hydrocarbons to Vietnam, accounting for a 92% share of total imports. Moreover, saturated acyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +109.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.9% per year) and South Korea (+3.0% per year).

In value terms, the United States ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Vietnam, comprising 84% of total imports. The second position in the ranking was held by South Korea ($X), with a 6.3% share of total imports. It was followed by Thailand, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +88.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.0% per year) and Thailand (+4.4% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2021, with a decrease of -51.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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