Vietnam: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Vietnam

The Vietnamese market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid was estimated at $X in 2022, surging by 2.1% against the previous year. Overall, consumption posted a measured increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Vietnam

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Production of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Vietnam

In 2022, shipments abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by 329% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 855% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid surged to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 547%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X tons), Egypt (X tons) and South Korea (X tons) were the main destinations of exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Vietnam, together accounting for 55% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +1,112.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from Vietnam were Peru ($X), Egypt ($X) and South Korea ($X), together comprising 60% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +1,193.1%, recorded the highest growth rate of 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

In 2022, the average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the export price enjoyed temperate growth. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Myanmar ($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 El Salvador (+55.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Vietnam

In 2022, approx. X tons of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid were imported into Vietnam; waning by -61.4% against 2021. In general, imports showed a noticeable descent. The pace of growth appeared the most rapid in 2016 when imports increased by 155% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid plummeted to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 77% against the previous year. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier to Vietnam, with a 42% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Malaysia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.3% per year) and China (-6.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Vietnam, comprising 40% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.3% per year) and Japan (+35.7% per year).

Import Prices by Country

The average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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