Report Update Apr 1, 2024

Vietnam - O-Acetylsalicylic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: O-Acetylsalicylic Acid Market 2024

O-Acetylsalicylic Acid Market Size in Vietnam

The Vietnamese o-acetylsalicylic acid market soared to $X in 2021, growing by 62% 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 saw a resilient increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

O-Acetylsalicylic Acid Exports

Exports from Vietnam

In 2021, the amount of o-acetylsalicylic acid, its salts and esters exported from Vietnam dropped slightly to X kg, falling by -2.5% against the previous year's figure. Overall, exports saw a dramatic descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, o-acetylsalicylic acid exports shrank slightly to $X in 2021. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 0.1%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X kg) was the main destination for o-acetylsalicylic acid exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic totaled -24.5%.

In value terms, Lao People's Democratic Republic ($X) also remains the key foreign market for o-acetylsalicylic acid, its salts and esters exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled -17.9%.

Export Prices by Country

In 2021, the average o-acetylsalicylic acid export price amounted to $X per ton, increasing by 1.9% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, o-acetylsalicylic acid export price increased by +112.6% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of 55% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2021, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +8.7% per year.

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O-Acetylsalicylic Acid Imports

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in overseas purchases of o-acetylsalicylic acid, its salts and esters, which increased by 55% to X tons in 2021. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 80%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, o-acetylsalicylic acid imports surged to $X in 2021. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by 104% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of o-acetylsalicylic acid to Vietnam, with a 71% share of total imports. Moreover, o-acetylsalicylic acid imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and France (+10.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Vietnam, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.0% per year) and France (+8.0% per year).

Import Prices by Country

In 2021, the average o-acetylsalicylic acid import price amounted to $X per ton, rising by 5.9% against the previous year. Overall, the import price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-acetylsalicylic acid, its salts and esters in the world?

The countries with the highest volumes of consumption in 2021 were France, the United States and Russia, with a combined 39% share of global consumption.

What are the largest producers of o-acetylsalicylic acid, its salts and esters in the world?

The countries with the highest volumes of production in 2021 were China, France and Spain, with a combined 78% share of global production. Thailand and India lagged somewhat behind, together comprising a further 20%.

What are the leading suppliers of o-acetylsalicylic acid, its salts and esters to Vietnam?

In value terms, Thailand constituted the largest supplier of o-acetylsalicylic acid, its salts and esters to Vietnam, comprising 70% of total imports. The second position in the ranking was held by China, with a 17% share of total imports. It was followed by France, with an 11% share.

What are the leading importers of o-acetylsalicylic acid, its salts and esters from Vietnam?

In value terms, Lao People's Democratic Republic remains the key foreign market for o-acetylsalicylic acid, its salts and esters exports from Vietnam.

What is the average export price for o-acetylsalicylic acid, its salts and esters in Vietnam?

The average o-acetylsalicylic acid export price stood at $5,142 per ton in 2021, growing by 1.9% against the previous year.

What is the average import price for o-acetylsalicylic acid, its salts and esters in Vietnam?

The average o-acetylsalicylic acid import price stood at $3,993 per ton in 2021, growing by 5.9% against the previous year.

This report provides an in-depth analysis of the o-acetylsalicylic 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 21101050 - O-acetylsalicylic acid, its salts and esters

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:

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

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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