Vietnam: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Vietnam

The Vietnamese market for unsaturated polyesters in primary forms was estimated at $X in 2022, increasing 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). Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. Unsaturated polyesters in primary forms consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Vietnam

In 2022, approx. X tons of unsaturated polyesters in primary forms were exported from Vietnam; rising by X% against the year before. Over the period under review, exports recorded tangible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports surged to $X in 2022. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Vietnam, with a combined X% share of total exports.

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

In value terms, the largest markets for unsaturated polyesters in primary forms exported from Vietnam were Thailand ($X), Malaysia ($X) and Indonesia ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of 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

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2022, approximately equating the previous year. Overall, export price indicated moderate growth 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, unsaturated polyesters in primary forms export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per ton) and Malaysia ($X per ton), while the average price for exports to 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 recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Vietnam

In 2022, supplies from abroad of unsaturated polyesters in primary forms increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid 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 somewhat lower figure.

In value terms, unsaturated polyesters in primary forms imports totaled $X in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Vietnam, together accounting for X% of total imports.

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

In value terms, South Korea ($X), China ($X) and Malaysia ($X) constituted the largest unsaturated polyesters in primary forms suppliers to Vietnam, with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform