Vietnam: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Vietnam

In 2020, the Vietnamese acyclic hydrocarbons market decreased by -X% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible reduction. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Acyclic Hydrocarbons Production in Vietnam

In value terms, acyclic hydrocarbons production fell to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Acyclic Hydrocarbons Exports

Exports from Vietnam

For the seventh consecutive year, Vietnam recorded growth in overseas shipments of acyclic hydrocarbons, which increased by X% to X tons in 2020. In general, exports enjoyed a significant expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons exports soared to $X in 2020. Overall, exports saw significant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main destinations of acyclic hydrocarbons exports from Vietnam, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons exported from Vietnam were China ($X), Taiwan (Chinese) ($X) and Singapore ($X), with a combined X% share of total exports.

Among the main countries of destination, China (+X% per year) 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

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Vietnam

After three years of decline, overseas purchases of acyclic hydrocarbons increased by X% to X tons in 2020. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons imports surged to $X in 2020. Over the period under review, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Singapore (X tons) constituted the largest supplier of acyclic hydrocarbons to Vietnam, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons imports from Singapore exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was occupied by Malaysia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Singapore amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Malaysia (+X% per year).

In value terms, Singapore ($X), South Korea ($X) and Thailand ($X) appeared to be the largest acyclic hydrocarbons suppliers to Vietnam, with a combined X% share of total imports.

Among the main suppliers, Singapore saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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