Vietnam: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Vietnam

The Vietnamese compound plasticisers market dropped slightly to $X in 2021, remaining relatively unchanged 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). Overall, consumption, however, recorded a buoyant expansion. Compound plasticisers consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Compound Plasticisers Exports

Exports from Vietnam

In 2021, shipments abroad of compound plasticisers for rubber or plastics decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, compound plasticisers exports declined sharply to $X in 2021. In general, exports saw a deep setback. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for compound plasticisers exports from Vietnam, with a X% share of total exports. Moreover, compound plasticisers exports to Indonesia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Saudi Arabia (+X% per year).

In value terms, Indonesia ($X) remains the key foreign market for compound plasticisers exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

In 2021, the average compound plasticisers export price amounted to $X per ton, declining by -X% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, compound plasticisers export price increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Vietnam

In 2021, after two years of growth, there was significant decline in overseas purchases of compound plasticisers for rubber or plastics, when their volume decreased by -X% to X tons. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, compound plasticisers imports reached $X in 2021. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of compound plasticisers imports to Vietnam, together comprising X% of total imports. Japan, Taiwan (Chinese), Singapore, Thailand, the United States, Germany and India lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compound plasticisers suppliers to Vietnam were China ($X), South Korea ($X) and Japan ($X), with a combined X% share of total imports. These countries were followed by Malaysia, Taiwan (Chinese), Singapore, the United States, Thailand, Germany and India, which together accounted for a further X terms of the main suppliers, the United States, with a CAGR of +X%, recorded 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

In 2021, the average compound plasticisers import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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