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

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

The Vietnamese market for cationic surface-active agents (excluding soap) dropped significantly to $X in 2021, which is down by -16.2% against the previous year. In general, consumption continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, cationic surface-active agents (excl. soap) production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 75% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Cationic Surface-Active Agents (Excluding Soap)

Exports from Vietnam

In 2021, shipments abroad of cationic surface-active agents (excluding soap) increased by 518% to X tons, rising for the third consecutive year after six years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 896%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, cationic surface-active agents (excl. soap) exports surged to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 985%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for cationic surface-active agents (excl. soap) exports from Vietnam, accounting for a 97% share of total exports. It was followed by Turkey (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +29.0%.

In value terms, Australia ($X) remains the key foreign market for cationic surface-active agents (excluding soap) exports from Vietnam, comprising 92% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Australia stood at +42.0%.

Export Prices by Country

The average export price for cationic surface-active agents (excluding soap) stood at $X per ton in 2021, dropping by -18.5% against the previous year. Overall, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.1%).

Imports of Cationic Surface-Active Agents (Excluding Soap)

Imports into Vietnam

In 2021, after four years of growth, there was significant decline in supplies from abroad of cationic surface-active agents (excluding soap), when their volume decreased by -38.3% to X tons. Overall, imports saw a pronounced contraction. The growth pace was the most rapid in 2019 when imports increased by 188% against the previous year. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, cationic surface-active agents (excl. soap) imports contracted dramatically to $X in 2021. In general, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 140%. Over the period under review, imports reached the peak figure at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest cationic surface-active agents (excl. soap) supplier to Vietnam, with a 84% share of total imports. Moreover, cationic surface-active agents (excl. soap) imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-15.3% per year) and Japan (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of cationic surface-active agents (excluding soap) to Vietnam, comprising 84% of total imports. The second position in the ranking was taken by South Korea ($X), with a 3.7% share of total imports. It was followed by Japan, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-13.2% per year) and Japan (+3.6% per year).

Import Prices by Country

In 2021, the average import price for cationic surface-active agents (excluding soap) amounted to $X per ton, with an increase of 19% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cationic surface-active agents (excl. soap) import price increased by +26.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 45%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :