Vietnam: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Vietnam

The Vietnamese market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function fell slightly to $X in 2022, declining by -3.7% against the previous year. Overall, consumption saw a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Vietnam

In value terms, butanal butanal and acyclic aldehydes production stood at $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Vietnam

In 2022, after three years of growth, there was decline in overseas shipments of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when their volume decreased by -1.7% to X tons. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 3,093% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, butanal butanal and acyclic aldehydes exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 3,756% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

The United States (X tons) was the main destination for butanal butanal and acyclic aldehydes exports from Vietnam, with a 47% share of total exports. Moreover, butanal butanal and acyclic aldehydes exports to the United States exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold. The third position in this ranking was held by France (X kg), with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and France (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exports from Vietnam, comprising 48% of total exports. The second position in the ranking was held by Belgium ($X), with a 2.7% share of total exports. It was followed by France, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and France (0.0% per year).

Export Prices by Country

The average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, declining by -17.6% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The growth pace was the most rapid in 2020 an increase of 124% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Cambodia ($X per ton), while the average price for exports to Belgium ($X per ton) and the United States ($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 Hungary (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Vietnam

In 2022, purchases abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -6.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 146% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, butanal butanal and acyclic aldehydes imports dropped to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 147%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of butanal butanal and acyclic aldehydes to Vietnam, accounting for a 84% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.5% per year) and Germany (+31.1% per year).

In value terms, China ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Vietnam, comprising 61% of total imports. The second position in the ranking was held by Singapore ($X), with a 16% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-2.6% per year) and Germany (+27.2% per year).

Import Prices by Country

In 2022, the average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2017 an increase of 35%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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