Vietnam: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Vietnam

The Vietnamese market for prepared glues and other prepared adhesives expanded sharply to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked in 2022 and is likely to see steady growth in the near future.

Production of Prepared Glues And Other Prepared Adhesives in Vietnam

In value terms, production of prepared glues and other prepared adhesives rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Vietnam

Exports of prepared glues and other prepared adhesives from Vietnam reached X tons in 2022, growing by X% against 2021. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2022. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cambodia (X tons), Indonesia (X tons) and India (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Vietnam, together comprising X% of total exports. China, Bangladesh, Myanmar, South Korea, Japan, the United States, Malaysia, Mexico, the Philippines and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), China ($X) and Indonesia ($X) constituted the largest markets for prepared glues and other prepared adhesives exported from Vietnam worldwide, together accounting for X% of total exports. India, Japan, Bangladesh, the United States, South Korea, Myanmar, Malaysia, Mexico, the Philippines and Thailand lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Vietnam

In 2022, overseas purchases of prepared glues and other prepared adhesives decreased by X% to X tons, falling for the second year in a row after nine years of growth. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of prepared glues and other prepared adhesives rose markedly to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest prepared glues and other prepared adhesives supplier to Vietnam, with a X% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Japan (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 China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2022, with an increase of X% against 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 prepared glues and other prepared adhesives increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Singapore ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform

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