Vietnam: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Vietnam

After three years of growth, the Vietnamese anti-freezing preparations market decreased by -21.7% to $X in 2021. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +11.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted rapidly in the following year.

Anti-Freezing Preparations Exports

Exports from Vietnam

For the third consecutive year, Vietnam recorded decline in overseas shipments of anti-freezing preparations and prepared de-icing fluids, which decreased by -52.4% to X tons in 2021. Over the period under review, exports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 6,788%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, anti-freezing preparations exports shrank rapidly to $X in 2021. In general, exports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2016 when exports increased by 4,801%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Singapore (X tons) and Malaysia (X tons) were the main destinations of anti-freezing preparations exports from Vietnam, together accounting for 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anti-freezing preparations exported from Vietnam were Thailand ($X), Singapore ($X) and Malaysia ($X), with a combined 88% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +49.4%, 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 anti-freezing preparations export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Thailand ($X per ton) and Malaysia ($X per ton), while the average price for exports to Singapore ($X per ton) and Cambodia ($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 the Philippines (+63.8%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Vietnam

In 2021, supplies from abroad of anti-freezing preparations and prepared de-icing fluids decreased by -19.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 129% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then fell notably in the following year.

In value terms, anti-freezing preparations imports dropped markedly to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 114% against the previous year. Imports peaked at $X in 2020, and then declined markedly in the following year.

Imports by Country

Thailand (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of anti-freezing preparations imports to Vietnam, together comprising 60% of total imports. These countries were followed by South Korea, China, Japan, Belgium and Singapore, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anti-freezing preparations suppliers to Vietnam were Thailand ($X), the United States ($X) and Germany ($X), with a combined 59% share of total imports. South Korea, China, Japan, Belgium and Singapore lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Belgium, with a CAGR of +53.3%, recorded 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 2021, the average anti-freezing preparations import price amounted to $X per ton, falling by -3.9% against the previous year. Overall, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and China ($X per ton), while the price for 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 attained by South Korea (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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