Vietnam: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Vietnam

In 2022, the Vietnamese anti-oxidising preparations market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, the total consumption indicated a slight 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 2015 indices. Anti-oxidising preparations consumption peaked at $X in 2021, and then fell modestly in the following year.

Anti-Oxidising Preparations Exports

Exports from Vietnam

In 2022, approx. X tons of anti-oxidising preparations and other compounds stabilisers for rubber or plastics were exported from Vietnam; jumping by X% against 2021 figures. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, anti-oxidising preparations exports reached $X in 2022. Overall, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of anti-oxidising preparations exports from Vietnam, with a combined X% share of total exports. Nigeria, Russia, the Philippines, Bangladesh and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest markets for anti-oxidising preparations exported from Vietnam worldwide, together comprising X% of total exports. Russia, the Philippines, Bangladesh, Nigeria and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average anti-oxidising preparations export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 the Philippines (X%), while the prices for the other major destinations experienced a decline.

Anti-Oxidising Preparations Imports

Imports into Vietnam

After ten years of growth, supplies from abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics decreased by X% to X tons in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, anti-oxidising preparations imports dropped to $X in 2022. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of anti-oxidising preparations 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 Taiwan (Chinese) ($X) were the largest anti-oxidising preparations suppliers to Vietnam, together accounting for X% of total imports. Malaysia, Singapore, Japan and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Singapore, with a CAGR of X%, recorded the highest growth rate of 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

The average anti-oxidising preparations import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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