Vietnam: Market for Organic Surface Active Agents And Washing Preparations 2023

Market Size for Organic Surface Active Agents And Washing Preparations in Vietnam

In 2021, after three years of decline, there was growth in the Vietnamese market for organic surface active agents and washing preparations, when its value increased by 0.8% to $X. Over the period under review, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Organic Surface Active Agents And Washing Preparations in Vietnam

In value terms, production of organic surface active agents and washing preparations expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19%. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Organic Surface Active Agents And Washing Preparations

Exports from Vietnam

In 2021, the amount of organic surface active agents and washing preparations exported from Vietnam skyrocketed to X tons, rising by 21% on the year before. In general, exports recorded a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 37%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of organic surface active agents and washing preparations soared to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Australia (X tons), Malaysia (X tons) and the Philippines (X tons) were the main destinations of exports of organic surface active agents and washing preparations from Vietnam, with a combined 40% share of total exports. Cambodia, India, Japan, Thailand, New Zealand, the United States, Singapore, Hong Kong SAR, South Africa and Indonesia lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +93.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and the Philippines ($X) constituted the largest markets for organic surface active agent and washing preparation exported from Vietnam worldwide, with a combined 39% share of total exports. These countries were followed by Japan, India, New Zealand, the United States, Thailand, Cambodia, Singapore, Hong Kong SAR, South Africa and Indonesia, which together accounted for a further 50%.

India, with a CAGR of +79.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for organic surface active agents and washing preparations amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 9.4% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to Cambodia ($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 Indonesia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface Active Agents And Washing Preparations

Imports into Vietnam

Imports of organic surface active agents and washing preparations into Vietnam expanded rapidly to X tons in 2021, growing by 12% on the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.6% against 2012 indices. The pace of growth was the most pronounced in 2015 with an increase of 16% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of organic surface active agents and washing preparations skyrocketed to $X in 2021. In general, imports showed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Thailand (X tons) and Singapore (X tons) were the main suppliers of imports of organic surface active agents and washing preparations to Vietnam, together comprising 62% of total imports. South Korea, Malaysia, Indonesia, Taiwan (Chinese), India, Japan, the United States and Germany lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of organic surface active agents and washing preparations to Vietnam, comprising 32% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.2% per year) and Singapore (+14.8% per year).

Import Prices by Country

In 2021, the average import price for organic surface active agents and washing preparations amounted to $X per ton, rising by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2018 an increase of 18%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Thailand ($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 (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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