Report Update Apr 1, 2024

Vietnam - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Vietnam

In 2022, the Vietnamese methacrylic acid market decreased by X% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. Methacrylic acid consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Methacrylic Acid Production in Vietnam

In value terms, methacrylic acid production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

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Methacrylic Acid Exports

Exports from Vietnam

After two years of decline, overseas shipments of methacrylic acid and its salts decreased by X% to X tons in 2015. Over the period under review, exports showed a significant expansion. The smallest decline of X% was in 2013. The exports peaked in 2015 and are expected to retain growth in the immediate term.

In value terms, methacrylic acid exports amounted to $X in 2015. Overall, exports recorded a significant expansion. The smallest decline of X% was in 2013. The exports peaked in 2015 and are likely to see gradual growth in the near future.

Exports by Country

India (X tons) was the main destination for methacrylic acid exports from Vietnam, with a approx. X% share of total exports.

From 2012 to 2015, the average annual growth rate of volume to India was relatively modest.

From 2012 to 2015, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average methacrylic acid export price stood at $X per ton in 2015, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 a decrease of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2015.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2015, the rate of growth in terms of prices for India amounted to X% per year.

Methacrylic Acid Imports

Imports into Vietnam

In 2022, methacrylic acid imports into Vietnam contracted dramatically to X tons, waning by X% compared with 2021 figures. In general, total imports indicated slight growth 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. Based on 2022 figures, imports decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, methacrylic acid imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), South Korea (X tons) and China (X tons) were the main suppliers of methacrylic acid imports to Vietnam, with a combined X% share of total imports.

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

In value terms, the largest methacrylic acid suppliers to Vietnam were Thailand ($X), South Korea ($X) and China ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2022, the average methacrylic acid import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a slight decline. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, 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 mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methacrylic acid and its salts in the world?

The country with the largest volume of methacrylic acid consumption was Germany, comprising approx. 36% of total volume. Moreover, methacrylic acid consumption in Germany exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was held by France, with an 11% share.

What are the largest producers of methacrylic acid and its salts in the world?

Germany remains the largest methacrylic acid producing country worldwide, comprising approx. 46% of total volume. Moreover, methacrylic acid production in Germany exceeded the figures recorded by the second-largest producer, South Korea, threefold. The United States ranked third in terms of total production with a 13% share.

What are the leading suppliers of methacrylic acid and its salts to Vietnam?

In value terms, the largest methacrylic acid suppliers to Vietnam were Thailand, South Korea and China, with a combined 76% share of total imports.

What is the average export price for methacrylic acid and its salts in Vietnam?

In 2015, the average methacrylic acid export price amounted to $2,430 per ton, remaining stable against the previous year.

What is the average import price for methacrylic acid and its salts in Vietnam?

In 2022, the average methacrylic acid import price amounted to $2,887 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the methacrylic acid market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143330 - Methacrylic acid and its salts

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023