Vietnam: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Vietnam

The Vietnamese chemical contraceptive preparations market skyrocketed to $X in 2021, with an increase of 139% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate buoyant growth. Chemical contraceptive preparations consumption peaked in 2021 and is expected to retain growth in years to come.

Chemical Contraceptive Preparations Exports

Exports from Vietnam

After two years of decline, overseas shipments of chemical contraceptive preparations based on hormones or spermicides increased by 116% to X kg in 2021. Over the period under review, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 649% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, chemical contraceptive preparations exports skyrocketed to $X in 2021. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 438%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg), Cambodia (X kg) and Myanmar (X kg) were the main destinations of chemical contraceptive preparations exports from Vietnam, together accounting for 99% 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 Cambodia (with a CAGR of -12.5%), while the other leaders experienced a decline.

In value terms, Cambodia ($X) remains the key foreign market for chemical contraceptive preparations based on hormones or spermicides exports from Vietnam, comprising 87% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cambodia totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.9% per year) and Myanmar (-30.5% per year).

Export Prices by Country

In 2021, the average chemical contraceptive preparations export price amounted to $X per ton, growing by 24% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 231%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chemical Contraceptive Preparations Imports

Imports into Vietnam

In 2021, the amount of chemical contraceptive preparations based on hormones or spermicides imported into Vietnam surged to X tons, growing by 145% compared with 2020 figures. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 2,794% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, chemical contraceptive preparations imports soared to $X in 2021. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,902% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of chemical contraceptive preparations to Vietnam, accounting for a 19% share of total imports. Moreover, chemical contraceptive preparations imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+69.6% per year) and France (+48.0% per year).

In value terms, Hungary ($X), Germany ($X) and France ($X) constituted the largest chemical contraceptive preparations suppliers to Vietnam, with a combined 25% share of total imports.

Germany, with a CAGR of +63.2%, saw the highest growth rate of 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 chemical contraceptive preparations import price stood at $X per ton in 2021, with a decrease of -4.3% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 54%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Africa ($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 (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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