Vietnam: Market for Anionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Anionic Surface-Active Agents (Excluding Soap) in Vietnam

In 2021, the Vietnamese market for anionic surface-active agents (excluding soap) increased by 15% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Anionic Surface-Active Agents (Excluding Soap) in Vietnam

In value terms, anionic surface-active agents (excl. soap) production reached $X in 2021 estimated in export price. Overall, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 164%. Anionic surface-active agents (excl. soap) production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Anionic Surface-Active Agents (Excluding Soap)

Exports from Vietnam

In 2021, exports of anionic surface-active agents (excluding soap) from Vietnam dropped to X tons, with a decrease of -12.1% against the previous year's figure. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 224% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, anionic surface-active agents (excl. soap) exports dropped to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 171%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Japan (X tons) and China (X tons) were the main destinations of anionic surface-active agents (excl. soap) exports from Vietnam, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +85.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anionic surface-active agents (excl. soap) exported from Vietnam were Malaysia ($X), Japan ($X) and China ($X), with a combined 67% share of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +85.6%, recorded the highest growth rate of 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 anionic surface-active agents (excluding soap) stood at $X per ton in 2021, shrinking by -1.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Australia ($X per ton) and Japan ($X per ton), while the average price for exports to Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anionic Surface-Active Agents (Excluding Soap)

Imports into Vietnam

In 2021, supplies from abroad of anionic surface-active agents (excluding soap) was finally on the rise to reach X tons after five years of decline. In general, imports, however, continue to indicate a perceptible setback. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, anionic surface-active agents (excl. soap) imports soared to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Indonesia (X tons) and South Korea (X tons) were the main suppliers of anionic surface-active agents (excl. soap) imports to Vietnam, with a combined 62% share of total imports. These countries were followed by Thailand, India, Malaysia, Japan, the United States and Germany, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and South Korea ($X) constituted the largest anionic surface-active agents (excl. soap) suppliers to Vietnam, with a combined 62% share of total imports. These countries were followed by Thailand, India, Malaysia, Japan, the United States and Germany, which together accounted for a further 32%.

India, with a CAGR of +25.9%, recorded the highest rates of growth with regard to the value of imports, among 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 anionic surface-active agents (excluding soap) stood at $X per ton in 2021, rising by 13% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, anionic surface-active agents (excl. soap) import price increased by +18.4% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 46%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and India ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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