Vietnam: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Vietnam

The Vietnamese market for polyethylene with a specific gravity of less than X, in primary forms expanded significantly to $X in 2022, rising by X% 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 saw prominent growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Vietnam

In 2022, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms decreased by X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms fell remarkably to $X in 2022. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Cambodia (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Vietnam, together accounting for X% of total exports. Bangladesh, Thailand, South Korea, Myanmar, the Philippines, Sri Lanka, Lithuania, Singapore, Peru and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Vietnam were Cambodia ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total exports. Bangladesh, Thailand, South Korea, Myanmar, the Philippines, Sri Lanka, Lithuania, Singapore, Peru and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Lao People's Democratic Republic ($X per ton), while the average price for exports to Singapore ($X per ton) and Peru ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Vietnam

In 2022, imports of polyethylene with a specific gravity of less than X, in primary forms into Vietnam rose markedly to X tons, picking up by X% compared with 2021 figures. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms rose remarkably to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Vietnam, accounting for a X% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, approximately equating the previous year. Over the period under review, import price indicated a noticeable expansion 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, import price for polyethylene with a specific gravity of less than X, in primary forms increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per ton) and India ($X per ton), while the price for Kuwait ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :